2010 Revisions to New York Power of Attorney Statute Take Effect September 12


New York has further amended its power of attorney statute to address some of the issues caused by the sweeping changes made to the statute, which went into effect on September 1, 2009. The measure makes technical corrections to the statutory short form power of attorney and the statutory major gifts rider. These corrections do not go into effect until September 12, 2010, but, once effective, they are retroactively applicable to powers executed on or after September 1, 2009.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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