(h) MODIFICATIONS: (OPTIONAL)
In this section, you may make additional provisions, including, but not limited to,
language to limit or supplement authority granted to your agent, language to grant your
agent the specific authority to make gifts to himself or herself, and/or language to grant
your agent the specific authority to make other gift transactions and/or changes to
interests in your property. Your agent is entitled to be reimbursed from your assets for
reasonable expenses incurred on your behalf. In this section, you may make additional
provisions if you ALSO wish your agent(s) to be compensated from your assets for
services rendered on your behalf, and you may define “reasonable compensation.”
(i) DESIGNATION OF MONITOR(S): (OPTIONAL)
If you wish to appoint monitor(s), initial and fill in the section below:
_____ - I wish to designate ______________________, whose address(es) is (are)
monitor(s). Upon the request of the monitor(s), my agent(s) must provide the monitor(s)
with a copy of the power of attorney and a record of all transactions done or made on
my behalf. Third parties holding records of such transactions shall provide the records
to the monitor(s) upon request.
(j) COMPENSATION OF AGENT(S):
Your agent is entitled to be reimbursed from your assets for reasonable expenses
incurred on your behalf. If you ALSO wish your agent(s) to be compensated from your
assets for services rendered on your behalf, and/or you wish to define “reasonable
compensation”, you may do so above, under “Modifications”.
(k) ACCEPTANCE BY THIRD PARTIES: I agree to indemnify the third party for any
claims that may arise against the third party because of reliance on this Power of
Attorney. I understand that any termination of this Power of Attorney, whether the result
of my revocation of the Power of Attorney or otherwise, is not effective as to a third
party until the third party has actual notice or knowledge of the termination.
(l) TERMINATION: This Power of Attorney continues until I revoke it or it is terminated
by my death or other event described in section 5-1511 of the General Obligations Law.
Section 5-1511 of the General Obligations Law describes the manner in which you may
revoke your Power of Attorney, and the events which terminate the Power of Attorney.
(m) SIGNATURE AND ACKNOWLEDGMENT:
In Witness Whereof I have hereunto signed my name on __________________, 20___.
PRINCIPAL’S SIGNATURE __________________________________________