A New York limited power of attorney, also known as a “special power of attorney,” is used to appoint an agent to represent the principal for a specific purpose. The document will list the acts that the agent will be able to perform on the principal’s behalf. This type of arrangement is especially useful when the principal needs to execute legal documents but is unable to be present to sign themselves. By using a limited power of attorney, the principal can authorize any third party to sign the documents on their behalf. Usually, the power of attorney will automatically terminate once the designated actions have been completed.
Signing Requirements (§ 5-1501B) – Notary Public and Two (2) Witnesses