A New York limited power of attorney form is a legal tool that allows you to grant specific powers to a trusted person for a limited period or transaction. The principal must clearly define these powers to avoid ambiguity and ensure the agent is trustworthy and reliable.
The form specifies the agent’s duties and the duration of their authority, typically ending after the task is completed or by a set date. It is often used for specific financial matters, such as handling real estate transactions, and becomes void if the principal becomes incapacitated.
Legal Considerations
Signing Requirements – G.O.B. Law § 5-1501B – Two Witnesses and Notary Public. The witnesses must be disinterested and cannot be the same as the person named as the agent in the power of attorney.
Related Forms
Vehicle Power of Attorney
Authorize another person to handle your vehicle registration and titling issues.
Signing Requirements: Notary public.
Minor (Child) Power of Attorney
Grants temporary authority to another person for a minor's wellbeing.
Signing Requirements: Notary public.
Real Estate Power of Attorney
Empowers an agent to manage the principal's real estate transactions.
Signing Requirements: Notary public.
