The new law seeks to increase the acceptance and use of POAs by making the form more user-friendly, expanding the definition of “Statutory Short Form Power of Attorney,” protecting third ...

On December 15, 2020, Governor Cuomo signed into law a comprehensive amendment to General Obligations Law §§ 15-1501, et seq., the statute setting forth the requirements for power of attorney forms.

Since 1948 the New York statutory power of attorney has evolved. In 1975 provisions were added permitting a power of attorney to be durable—i.e., the powers granted to the agent survived the ...

On Dec. 15, 2020, Gov. Andrew Cuomo signed legislation that made significant changes to the statutory short form power of attorney, effective on June 13, 2021. In this edition of his Elder Law ...

Small but significant changes are coming soon to the New York State statutory power of attorney form effective June 13, 2021. By legislation passed on December 13, 2020 and signed into law by ...

In 2021, New York changed its laws to require the wording in New York powers of attorney to “substantially conform” to specific language in its Statutory Short Form Power of Attorney rules ...

The new law mandates third parties to honor statutory short form powers of attorney and statutory gift riders unless they have reasonable cause not to. 13 The new law specifies that third parties ...

Compare the NY Form to Yours: Regardless of what state you live in, if you are going to use an Internet legal website, compare the power of attorney you prepare to the New York form. The New York ...