Update – New York Power Of Attorney Law Goes Into Effect

Cole Schotz
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Cole Schotz

On June 12, 2021, New York’s new Power of Attorney law (A.5630-A/S.3923-A) went into effect.  As a reminder, the law simplifies New York’s Power of Attorney form and implements penalties for improper rejection of a New York Power of Attorney by third parties.  A Power of Attorney that was executed under a prior version of the law remains effective and does not need to be re-executed at this time.  Here is a link to our previous article with a substantive outline of the specific changes to the law.

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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