News & Analysis as of

Power of Attorney New York

Jones Day

New York Bankruptcy Court: Foreign Representative in Chapter 15 Case Need Not Be Appointed by Foreign Court

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In most cases seeking recognition of a foreign bankruptcy proceeding in the United States under chapter 15 of the Bankruptcy Code, the foreign debtor's "foreign representative" has been appointed by the foreign court or...more

Lippes Mathias LLP

Guardianships Unwrapped: Navigating the Maze of Legal Guardianship

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From Britney Spears to Michael Oher, conservatorships have been a hot topic lately. There are many questions surrounding when a conservatorship or guardianship is appropriate and how that is determined. The words...more

Harris Beach PLLC

Gov. Hochul vetoes bill requiring notification and identification of agent under a Power of Attorney

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Gov. Kathy Hochul recently vetoed a bill that would have drastically changed the notification requirements for trust beneficiaries and fiduciaries. Bill No. S8892, introduced by Sen. James Skoufis (D-39), sought to add a new...more

Harris Beach PLLC

Updated Powers of Attorney Law Takes Effect

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On June 13, 2021, a long awaited update to New York’s law on Powers of Attorney (“POAs”) took effect with the primary goal(s) of simplification, streamlining the execution process and increasing POA acceptance by third...more

Cole Schotz

Update – New York Power Of Attorney Law Goes Into Effect

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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...more

White and Williams LLP

The Powerful Power of Attorney: Changes Coming in New York State

Small but significant changes are coming soon to the New York State statutory power of attorney form effective June 13, 2021. By legislation passed on December 13, 2020 and signed into law by Governor Andrew Cuomo, all powers...more

Cole Schotz

New York Modifies Power Of Attorney Law To Simplify Form

Cole Schotz on

On December 15, 2020, Governor Andrew Cuomo signed a bill into law that simplifies New York’s Power of Attorney form and implements penalties for improper rejection of a New York Power of Attorney by third parties. The...more

Harris Beach PLLC

New Power of Attorney Simplifies Complexities, Reduces Need for Property Guardians

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The New York Power of Attorney is a legal instrument executed by an individual with capacity (a principal) appointing another (an agent) to handle his/her financial affairs. The current durable “short form” Power of Attorney...more

Harris Beach PLLC

Governor Signs Amendment to New York Power of Attorney Statutory Form

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On December 15, 2020, Governor Cuomo signed into law a comprehensive amendment to General Obligations Law §§ 15-1501, et seq., the statute setting forth the requirements for power of attorney forms. The new legislation...more

Bond Schoeneck & King PLLC

Governor Cuomo Signs Law Enacting New Power of Attorney Form

Anyone who has signed a New York Power of Attorney (POA) form in the last 10 years knows it is a complicated form often requiring the advice of an attorney to ensure its proper execution. The current form is long and...more

Greenbaum, Rowe, Smith & Davis LLP

Wealth Transfer Strategies to Consider in the Age of COVID-19

The COVID-19 pandemic has disrupted our lives and shifted our priorities in an unprecedented manner.  Against this backdrop of uncertainty, though, opportunities in estate planning abound.  Basic planning documents, such as...more

Harris Beach PLLC

Governor’s Order Removes Obstacles to Executing Health Care Proxies, Other Legal Instruments Before Witnesses

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Gov. Cuomo has issued another Executive Order relaxing the execution standards for various legal instruments as part of New York State on PAUSE for the COVID-19 pandemic. Executive Order No. 202.14 provides for virtual...more

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