As you handle other estate planning matters, you might also consider granting a loved one or friend power of attorney certain aspects of your life. In New York, there are a few important things to consider before signing your power of attorney forms.
Power Attorney Not Available for Medical Decisions
The main distinction between New York power of attorney and power of attorney offered in other states is that one cannot grant the power of attorney over medical decisions. In order to have decision-making responsibility for another, New York requires the agent to use a document called a "health care proxy."
How to Grant Power of Attorney in New York
In order to grant power of attorney in your agent, you must follow a few simple steps.
- You need to appoint an agent whom you trust. This person will be making important financial and life decisions on your behalf.
- You must obtain a power of attorney form. These can usually be found online or through your attorney.
- You and you agent both need to sign the document and have it notarized by a notary public. Most banks employ a public notary and usually offer the service free of charge.
Do You Need an Attorney to Assist in the Process?
It is possible to grant power of attorney without actually using a lawyer, however, given the gravity of the responsibility you are entrusting in another person, it is advisable to seek the advice of an experienced family law attorney in New York. He or she can guide you through the process, help you obtain the proper forms, and ensure that your goals are met.