When You Should Have a New York Durable Power of Attorney

June 2, 2015Articles City Bar Justice Center

A power of attorney (“PoA”) is a special form that permits another person (the “agent” or “attorney-in-fact”) to act on behalf of you (the “principal”). Any person over age 18 and competent can sign a PoA.

The reasons you would want a PoA in place are many and include the following:

  • In the case of your incapacity, your agent can administer your personal, business, and financial affairs;
  • When you are out of communication and “off the grid,” your agent can take care of your financial affairs.

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