New York Limited (Special) Power of Attorney Form

The New York Limited (Special) Power of Attorney is an agreement that defines in law the precise nature of an arrangement involving a Principal who requires an Agent to represent them only in a limited context. In most cases, this will entail the Agent performing a specific act/s for a specific period of time, after which the Power of Attorney will terminate. When carrying out their role, the Agent should be aware of the state law requirements they must uphold. For example, pursuant to § 5-1507, the Agent must disclose the Principal-Agent relationship whenever a hand-written signature of either their Agent or Principal is required.

 

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State Laws & Signing Requirements

State Laws – Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning

Signing Requirements (§ 5-1501B) – State law mandates that the Principal and the Agent alike must sign and date the Power of Attorney, of which must be duly acknowledged. There are a range of additional requirements the Principal must follow, of which have been detailed in the main New York Power of Attorney resource page.