On June 12, 2021, New York’s new Power of Attorney law (A.5630-A/S.3923-A) went into effect. As a reminder, the law simplifies New York’s Power of Attorney form and implements penalties for improper rejection of a New York Power of Attorney by third parties. A Power of Attorney that was executed under a prior version of the law remains effective and does not need to be re-executed at this time. Here is a link to our previous article with a substantive outline of the specific changes to the law.
