Effective June 13, 2021, New York updated its Statutory Short Form Power of Attorney, with revisions that should significantly improve the experience for both practitioners and clients alike.
A power of attorney is a document in which the principal appoints an agent to act on his or her behalf with regard to the principal’s financial affairs. Although its significance is perhaps downplayed by the often-used phrase “collateral instrument,” the execution of a power of attorney can give sweeping authority over one’s financial affairs to one's agent.
Please see full publication below for more information.
