Since 1977, Jon Michael Probstein has assisted people and businesses in all matters. In accordance with the Rules of Professional Conduct, this may be deemed "Attorney Advertising". Nothing contained herein should be construed as legal advice. Admitted in New York and Massachusetts. Always consult a lawyer regarding any matter. Call 888 795-4555 or 212 972-3250 or 516 690-9780. Fax 212 202-6495. Email jmp@jmpattorney.com
Friday, May 3, 2019
NOTARY AND WITNESS FOR POWER OF ATTORNEY GIFT RIDER?
Like a will, the statutory gift rider requires at least two witnesses not named as beneficiaries. SCP 1406 allows the will to be self-proving by an affidavit of attesting witness acknowledged before a notary. But the notary cannot be one of the witnesses. Not so with the statutory gift rider. General Obligations Law Section 5-1514 (9)(b):
"9. To be valid, a statutory gifts rider to a statutory short form power of attorney must:
(b) Be signed and dated by a principal with capacity, with the signature of the principal duly acknowledged in the manner prescribed for the acknowledgment of a conveyance of real property, and witnessed by two persons who are not named in the instrument as permissible recipients of gifts, in the manner described in subparagraph two of paragraph (a) of section 3-2.1 of the estates, powers and trusts law. The person who takes the acknowledgment, under this paragraph, may also serve as one of the witnesses. (italics provided)"
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