Friday, November 4, 2011

free printable power of attorney forms for new york

New York power of attorney forms must meet the requirements of New York's General Obligations Law, which was substantially revised in 2009. As a result of the changes in New York law, all power of attorney forms in New York must: (a) have a font no small than 12 points; (b) be signed and notarized by both the principal and agent; and (c) include certain cautionary language set forth in the New York statute. If using a pre-printed power of attorney, be sure that it contains the required NY statutory language.
A power of attorney form is a type of legal form that is commonly used for conducting basic personal and business transactions, including matters that relate to banking, loans and real estate transactions. In particular, a power of attorney authorizes a specifically designated third party (known as the "agent") to engage in certain tasks (e.g. banking transactions) on behalf of the person granting the power (the "principal").