New York Durable Power of Attorney
This Durable Power of Attorney is created in accordance with New York General Obligations Law, Article 5, Title 15. This document allows you, the Principal, to designate someone to act on your behalf in financial matters should you become unable to do so.
Principal Information
Full Name of Principal: ____________________________
Address of Principal: ____________________________
City, State, Zip Code: ____________________________
Agent Information
Full Name of Agent: ____________________________
Address of Agent: ____________________________
City, State, Zip Code: ____________________________
Effective Date
This Power of Attorney shall become effective upon the execution of this document.
Powers Granted
The Agent shall have full power and authority to act on behalf of the Principal in all financial matters, including but not limited to:
- Managing bank accounts
- Paying bills
- Buying or selling real estate
- Handling investments
- Filing taxes
Limitation of Powers
The Agent shall not have the authority to:
- Make health care decisions
- Change any beneficiaries on life insurance policies
- Make gifts in excess of _______________ annually
Revocation
This Durable Power of Attorney may be revoked by the Principal at any time, as long as the Principal is competent to do so.
Signature
By signing below, the Principal acknowledges and confirms that they understand the contents and implications of this Durable Power of Attorney.
Signature of Principal: ____________________________
Date: ____________________________
Witnesses
This document must be witnessed by two individuals who are not named as Agents or beneficiaries.
Signature of Witness 1: ____________________________
Print Name of Witness 1: ____________________________
Signature of Witness 2: ____________________________
Print Name of Witness 2: ____________________________