No matter the case, whether serious or not, creators will need to fill out the proper New York power of attorney forms to fulfill their wishes. Some of the most common POAs include:
General Power of Attorney
This is perhaps one of the most commonly used power of attorney forms, allowing an individual to appoint an attorney-in-fact to handle their financial and business affairs. This document is legally binding only as long as the creator is alive and of sound mind, losing its validity if the grantor becomes disabled or dies.
Durable Power of Attorney
New York citizens can choose a trusted representative with a durable power of attorney document to act on their behalf for financial and business-related needs. It is closely related to a general power of attorney form, differing in that it remains valid even if the creator is to become disabled.
Limited Power of Attorney
With a limited power of attorney, creators have the freedom to set concrete parameters in the areas in which attorneys-in-fact can act on their behalf. Though they might be granted rights to act on medical or financial issues, they will not act on anything else, including real estate or tax preparations.
Medical Power of Attorney
In this case, creators usually are terminally ill or dealing with dementia, needing someone to take over their health and medical needs. With a medical power of attorney, attorneys-in-fact can make all of the creator’s decisions no matter how serious the situation may be.
Minor Child Power of Attorney
Using a minor child power of attorney form, citizens of New York that are required to leave the country for an extended amount of time can pass guardianship over to a trusted individual. These are generally cases where parents are in the military or away on business, giving the attorney-in-fact the right to look after the minor child in legal terms.
Tax Power of Attorney
Using form Form POA-1, creators can pass over the legal right to an individual to prepare or sign any documents dealing with taxes. In most cases, creators will choose an accountant or a tax preparer, allowing them to sign documents on their behalf. Though a power of attorney grants the right to sign, the creator is still solely responsible for any fees incurred or any legal misfiling that took place.