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New York State Bar Association New York Statutory Short Form Power of Attorney 8/18/10 Eff. 9/12/10 POWER OF ATTORNEY NEW YORK STATUTORY SHORT FORM a CAUTION TO THE PRINCIPAL Your Power of Attorney is an important document. As the principal you give the person whom you choose your agent authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority....
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In short, it is only a Power of Attorney if you have agreed to it. (b) TO TRANSFER POWER OF ATTORNEY TO: This is your Power of Attorney for your principal to authorize the agent to act on his or her behalf. The agent should not do business with banks, brokerage firms, insurance companies, and other companies with which you or your principal is directly or indirectly involved. (c) TO GIVE AUTHORITY TO THE AGENT to transfer ownership of tangible property (such as cars, trucks, boats, and so on) to yourself or your children or children's children (if you are the principal, and you are the parent of a minor child entitled under the Uniform Transfers to Minors Act to make the transfer). (d) TO GIVE AUTHORITY TO APPOINT AN AGENT TO SERVE AS AUTHORIZED PERSON. This Power of Attorney allows your principal who is also an authorized agent to appoint an authorized agent who will manage assets for you in your name while you live or with your death. (e) TO DISPOSE OF EQUITY AND ASSETS OF THE PRINCIPAL'S BUSINESS FOR YOUR USE, WITH THE AGENCIES, CUSTOMERS, OR ASSETS OF AN IMPORTANT ENTITY. In the event that you die, the estate of your principal cannot sell or dispose of the principal's business or assets without the express authorization of one or more of the authorized agents for the estate. If your principal, acting alone, dies, the only authorized agents for the estate that can act without your express authorization are your spouse, children, parents, siblings, or grandparents, or anyone who has agreed to serve in such capacities and who has a fiduciary duty to act in the principal's interests. (f) TO SET A PREMIUM FOR THE SERVICE OF THE AUTHORIZATION. The authorized agent is responsible to pay the fees necessary for the proper execution of the Power of Attorney, the preservation of the property, and the performance of the other acts delegated by this Power of Attorney. (g) TO INFORM THE PRINCIPAL THROUGHOUT THE ENTIRE STATE OF YOUR LEGAL AUTHORITIES IN THIS POWER OF ATTORNEY AND FOR OTHER REASONS. [1] Appellant, John Doe, executed a Power of Attorney for the principal to give him power to make a contract. He executed the power on January 19, 2007.
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Laws calm legal forms guide New York power of attorney form POA won a power of attorney form grants another person the legal authority to perform actions on your behalf this New York power of attorney form specifically concerns issues of taxation in regard to either the state or New York City the form can be obtained from the website of the New York Department of Taxation and Finance step 1 under section 1 taxpayer information enter your name the name of your spouse of filing jointly your social security number or taxpayer identification number and your mailing address step 2 under Section 2 representative information enter the name address and contact information of the person you wish to grant power of attorney you may enter up to three people's names on one form enter the New York tax preparation registration identification number and CTP in if applicable step 3 under Section three tax matters specify the types of taxes you wish for representatives to be able to handle the years or specific transactions and any applicable notice or assessment audit ID numbers this will confer all powers except for the right to sign for tax returns or appoint another person to be a representative these must be specifically granted in the two lines at the top of the second page step 4 under Section for retention revocation of prior powers of attorney place an X in the box if you do not want this form to nullify previous powers of attorney if so you must attach copies of previous power of attorney forms you wish to still keep in effect step 5 certain statutory notices will automatically be sent to your first named representative unless you specify under Section six notices and other communications that they should be sent to another person with this authority under Section six right none if you do not wish for representatives to receive such papers step 6 print and sign your name along with the date this must be done in front of a notary or two witnesses with no stake in your financial matters this does not apply if the designated representative is attorney CPA or an agent who can practice before the IRS to watch more videos please make sure to visit laws calm
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