Is a Power of Attorney Valid in New York Without Two Witnesses?
Understanding New York’s Two-Witness Rule for Powers of Attorney Key Takeaways: In New York, a power of attorney executed on or after June 13, 2021 requires two disinterested witnesses plus notarization to be valid. Under GOB §5-1501B(1)(b), the principal’s signature must be acknowledged before a notary and witnessed by two people who are not named […]
Who Can Serve as an Agent Under a New York Power of Attorney?
Understanding the Role of an Agent Under a New York POA Key Takeaways: Almost any competent adult you trust can serve as your agent under a New York power of attorney, as the statute does not require a special license or family relationship. Any agent may make limited gifts of up to $5,000 total per […]
What Should Be Included in an Estate Plan in New York?
Estate planning is the process of arranging, in advance, the management and disbursement of a person’s estate during that person’s life (if he or she becomes incapacitated) and after death. You may not think you have an “estate,” but your estate is made up of everything you own—your vehicle, home (and everything in it), other […]