Power of Attorney (Financial) in New York

A financial power of attorney lets you name an agent to handle money and property for you. Many states have their own statutory form and signing rules (notary, witnesses), and banks often ask for that form. Check your state's rules below; if your state has a statutory form, use it.

What New York law says

Power of attorney signing rules	A New York financial power of attorney must be typed or printed in at least 12-point type, signed and dated by the principal (or by someone else, not the agent, in the principal's presence and at their direction), acknowledged in the same way as a real property deed, and signed by two witnesses who are not agents or gift recipients under it (the notary may be one of them). It must substantially follow the statutory 'Caution to the Principal' and 'Important Information for the Agent' wording. It takes effect when the agent's signature is acknowledged. Section 5-1501B was most recently revised in 2023. A power of attorney is not invalid solely because the principal became incapacitated between acknowledgments. Source: N.Y. Gen. Oblig. Law § 5-1501B

Power of attorney signing rules

A New York financial power of attorney must be typed or printed in at least 12-point type, signed and dated by the principal (or by someone else, not the agent, in the principal's presence and at their direction), acknowledged in the same way as a real property deed, and signed by two witnesses who are not agents or gift recipients under it (the notary may be one of them). It must substantially follow the statutory 'Caution to the Principal' and 'Important Information for the Agent' wording. It takes effect when the agent's signature is acknowledged.

Section 5-1501B was most recently revised in 2023. A power of attorney is not invalid solely because the principal became incapacitated between acknowledgments.

Source: N.Y. Gen. Oblig. Law § 5-1501B

Fill it in

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FINANCIAL POWER OF ATTORNEY

I, [principal full name], of [principal address], appoint [agent full name], of [agent address], as my agent.

Successor agent (if my agent cannot serve): [successor agent name and address]

My agent may act for me in these matters: [list the powers you grant, e.g. banking, real estate, taxes, benefits, bills]

Limits or special instructions: [any limits, or 'none']

This power of attorney [continues if I become incapacitated (durable) / ends if I become incapacitated], and takes effect [now / on a date or event].

Signed on [date]. Principal signature: ____________________

[Witness signatures and notary acknowledgment, as your state requires]

Agent's acceptance (if your state requires it): ____________________

Power of Attorney (Financial) for other states · New York tenant rights

General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.