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Power Of Attorney New York Statutory Short 2021-2024 Form: What You Should Know

The new form, titled “A Power of Attorney Form for the Power of Attorney for Financial and Estate Planning,” is shorter than the old form and has some significant changes. The new form replaces all the previous language relating to a power of attorney form. The new form simply provides the person or entity to whom you want to hand the power of attorney with the necessary authorization and directions. Section 2: Application for a Power of Attorney Subsection 1 — Application for a Power of Attorney The application for the power of attorney can be made on a personal (personal or personal appearance) or business (corporate) level. The application must include the following information: (1) Name, address and telephone number of the person or entity to whom you want to give the power of attorney; (2) a brief description of the power of attorney in the form of a letter, document, form, statement or other document that: 1. Describes your role and responsibilities to the power of attorney; 2. Describes an existing financial or estate planning relationship between you and the power of attorney as if you had signed it; and 3. Includes the name of the person to whom you want that person to act and a statement that the individual has read and understands the form; (3) the signature of the applicant and, if the applicant is a corporation, or a partnership, a statement stating that each partner or member has read and understands the form; (4) a statement that no member or partner has taken over control of the business; (5) the signature of the applicant and, if the applicant is a corporation, and a statement that the authority of the applicant is solely to act as an authorized signatory; and (6) a declaration, under penalty of perjury, that the applicant has read and understands the form and the application, and knows that the power of attorney is not required for a purpose authorized by the form. Failure to include this statement in the application is grounds for disciplinary action. If the application is made on a personal or personal appearance basis, the applicant must sign and attach a copy of the application on a blank document.

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