• New rules for giving power of attorney and for serving as an agent or “attorney in fact.”
• Some power of attorney forms will no longer be valid after the effective date.
• Some of these changes affect existing powers of attorney.
More on the new laws can be found here. These changes may make obtaining or giving a power of attorney after September 1 more complicated--and expensive.
Please make sure that your power of attorney and your agent are in compliance with this new law. Speak to an attorney to protect your rights before the September 1 deadline.