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New York Limited Power of Attorney for Finances
New York Limited Power of Attorney for Finances
Use this simple form, which contains language required by New York law, to give someone you trust authority to act on your behalf. You can use it for any specific, clearly defined task involving your finances.
Do not use this form if you live in a state other than New York or if you want to create a durable power of attorney.
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A power of attorney is a simple, one-page form that gives someone you trust authority to act on your behalf. To complete it, all you need to do is fill in information about you and the person you’re naming as your “attorney-in-fact” or agent. You’ll also spell out the authority you’re granting that person. For example, you could use this limited power of attorney to give authority to:
sell your car and sign over the title to the new owner
manage specific investments while you’re out of the country
sign loan papers for you while you’re in the hospital
or any other specific financial task
A power of attorney is a commonly used document, and third parties (the person buying your car, for example) will probably accept it readily. Just in case they’re worried about relying on it, the document contains language (called an indemnification clause) that lets them know they can legally rely on the document.
This New York limited power of attorney contains important text required by New York state law.
Do not use this form if:
You need a durable power of attorney. If you want to give someone authority to manage your finances if you become incapacitated, you need a “durable” power of attorney for finances. You can make that document with Quicken WillMaker Plus
Please Note: Our forms help many people create useful legal documents. However, general information is never a substitute for personalized advice from a knowledgeable lawyer. If you want professional advice about the best way to craft or use legal documents in your particular circumstances, consult an attorney licensed to practice in New York.
