Power of Attorney New York Statutory Short Form - New York

Power of Attorney New York Statutory Short Form is a legal document that was released by the New York State Bar Association - a government authority operating within New York.

FAQ

Q: What is a Power of Attorney?A: A Power of Attorney is a legal document that allows someone, known as the agent or attorney-in-fact, to make financial and legal decisions on behalf of another person, known as the principal.

Q: What is the New York Statutory Short Form Power of Attorney?A: The New York Statutory Short Form Power of Attorney is a specific form created by the state of New York that meets certain legal requirements and can be used to grant someone authority to make financial decisions on your behalf.

Q: Who can create a Power of Attorney in New York?A: Any individual who is 18 years or older and of sound mind can create a Power of Attorney in New York.

Q: Do I need a lawyer to create a Power of Attorney in New York?A: While it is not required by law to have a lawyer create a Power of Attorney in New York, it is highly recommended to consult with an attorney to ensure that your document is properly executed and meets your needs.

Q: Is the New York Statutory Short Form Power of Attorney durable?A: No, the New York Statutory Short Form Power of Attorney is not durable by default. If you want a durable Power of Attorney that remains effective even if you become incapacitated, you must specifically state this in the document.

Q: Can I revoke a Power of Attorney in New York?A: Yes, you can revoke a Power of Attorney in New York at any time, as long as you are mentally competent to do so.

Q: Do I need witnesses or a notary to execute a Power of Attorney in New York?A: Yes, the New York Statutory Short Form Power of Attorney requires the signature of two witnesses and a notary public to be valid.