A New York Statutory Power of Attorney Form will give an agent the power to make important choices concerning monetary plans on behalf of the principal. This form will also be used if the principal can no longer communicate and make appropriate decisions regarding their treatment. Because these decisions are crucial and can have large consequences, the principal ought to pick a highly trusted individual to be their agent. In most cases this would be a family member or a close friend. These plans often concern finances relating to properties or businesses. Therefore, any powers included in the document need to be worded correctly as not to leave room for ambiguity.
After filling in a New York Statutory Power of Attorney, the section left for signing the document should be done so carefully. A notary public must witness both parties signing the document. However, in addition to that, the principal must also sign before two witnesses which are in no way related to the agent.
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