NEW YORK CITY POWER OF ATTORNEY
This Power of Attorney ("POA") is made effective as of [Date], by [Your Name], residing at [Your Company Address], City of New York, State of New York (hereinafter referred to as "Principal"), hereby appointing [Agent's Full Name], residing at [Agent's Address], City of New York, State of New York (hereinafter referred to as "Agent" or "Attorney-in-Fact"), to act in the Principal's capacity to the extent provided herein.
I. Appointment of Agent:
The Principal designates the Agent as their attorney-in-fact to act in the Principal's name, place, and stead in any way which the Principal himself could do, if personally present, to the following matters as each of them is defined in the laws of the State of New York, to the extent that the Principal is permitted by law to act through an agent:
Roles/Responsibilities Transferred to the Agent:
a. Financial Management: To conduct banking transactions, manage financial accounts, pay bills, collect debts, and handle other financial matters.
b. Real Estate Transactions: To lease, purchase, sell, or otherwise manage real estate properties in New York City on behalf of the Principal.
c. Healthcare Decisions: To make healthcare decisions on behalf of the Principal, including the power to consent to giving, withholding, or stopping medical treatments, services, or diagnostic procedures.
d. Legal Matters: To initiate, conduct, settle, or otherwise manage legal actions on behalf of the Principal, including representing the Principal in all legal matters.
e. Personal Affairs: To manage personal and family maintenance, including handling mail, paying for housing, and arranging for transportation.
II. Duration:
This Power of Attorney (POA) is effective immediately from the specified start date and remains valid until the set expiration date, [Expiration Date]. However, its validity can end sooner if the Principal decides to revoke it in writing or if legally required circumstances occur, such as the Principal's death or incapacitation. This clause ensures the POA's timeframe is clear while allowing for its termination under specific conditions.
III. Third Party Reliance
This provision authorizes third parties to trust and act on the decisions and actions of the Agent, as long as they pertain to the powers expressly granted in this document. This means that third parties can confidently engage with the Agent, understanding that the Agent's representations and decisions are backed by the authority given by the Principal.
IV. Revocation
This section underscores the Principal's right to terminate the Power of Attorney (POA) at any given moment. The revocation process is straightforward: the Principal must inform the Agent through a written notice that they wish to revoke the powers previously granted.
V. Governing Law
This clause establishes that the Power of Attorney (POA) is subject to and will be interpreted under the laws of the State of New York. This means that any legal disputes, interpretations, or enforcement of this document will be handled under the jurisdiction and legal framework of New York State. This provision ensures clarity in legal proceedings and consistency in the application of the law to this document.
VI. Signature Section
By signing below, the Principal and the Agent indicate their agreement to this Power of Attorney.
Principal:
[Your Name]
Agent:
[AGENT'S NAME]
Witness Acknowledgement
On this day of , 20, before I came [Your Name] and [Agent's Full Name], to me known to be the individuals described in and who executed the foregoing instrument, and acknowledged that they executed the same as their free act and deed.
Witness:
[WITNESS FULL NAME]
Notary Acknowledgement
On this day of , 20, before me, the undersigned, personally appeared [Your Name] and [Agent's Full Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to within the instrument and acknowledged that they executed the same for the purposes therein contained.
In witness whereof, I hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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