Power Of Attorney In New York

A power of attorney is a document that authorizes one person to act on behalf of another in matters of business, New York property sales, contracts, finances, insurance claims, the legal environment and more. There are numerous types of power of attorney, some of which are easy to fill out. However, if any portion of the power of attorney form seems unclear or if you have questions on executing a power of attorney, consider obtaining expert legal advice. Keep in mind completing the form does not require the involvement of a lawyer.

As the “principal,” you grant another party (or “agent”) the power to make a decision for you. Typically, the agent is either a friend, spouse or relative. Executing a power of attorney in NY does not mean you can no longer make decisions. It just entitles another person to assume certain duties and responsibilities.

A Power Of Attorney Can Entitle Someone To:

Make a medical decision
Handle your finances, cash checks and withdraw funds
Sell your property
Enter you into a contract
Pursue legal actions
Pursue an insurance claim