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Print Reset Save Questions? Go to fidelity.com/poa or call 1-800-634-9361. Durable Power of Attorney Annuities New York This form should be used only by residents of New York who wish to grant or

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What is durable power of attorney?

Durable power of attorney is a legal document that grants someone the authority to make financial and legal decisions on behalf of another person, known as the principal, in the event that the principal becomes incapacitated.

Who is required to file durable power of attorney?

There is no requirement to file durable power of attorney. It is a document that is typically created by an individual to appoint someone they trust, known as the agent or attorney-in-fact, to handle their financial and legal matters if they are unable to do so themselves.

How to fill out durable power of attorney?

To fill out a durable power of attorney, you will need to include the names of the principal and agent, specify the powers and limitations granted to the agent, and sign the document in the presence of a notary public or witnesses, depending on the requirements of your jurisdiction.

What is the purpose of durable power of attorney?

The purpose of a durable power of attorney is to ensure that someone can step in and manage the financial and legal affairs of an individual if they become incapacitated. This document allows the appointed agent to make decisions on behalf of the principal, such as managing bank accounts, paying bills, and handling legal matters.

What information must be reported on durable power of attorney?

The information that must be reported on a durable power of attorney can vary depending on the jurisdiction. However, it typically includes the names and contact information of the principal and agent, the powers granted to the agent, and any specific instructions or limitations.

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