Power of attorney

On December 13, 2020, Governor Cuomo signed Assembly Bill A5630A reforming the statutory form and other powers of attorney for purposes of financial and estate planning. The new law effective on June 13, 2021, is intended to simplify the process in which a principal appoints an agent to manage their finances, should the principal become unable to act on his/her own behalf. While the power of attorney you have is still valid, you may want to contact our firm to discuss an update as the new law may make it difficult for your agent to validate his/her power when presenting the power of attorney to financial institutions/other organizations. Below, please find some of the major changes:

Find out IF YOU NEED AN UPDATE

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up to date legal or other information.

Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel. Only your individual attorney can provide assurances that the information contained herein and your interpretation of it is applicable or appropriate to your particular situation. Use of, and access to, this website do not create an attorney client relationship between the reader, user, or browser and the website authors or contributors. The content on this posting is provided ‘as is’; no representation are made that the content is error free.