How do I allow for gifting on a PoA without using the TRS form?
- All PoAs executed on or after June 13, 2021, must be signed by 2 disinterested witnesses (witnesses who are not listed as agents, successor agents or named in the PoA as persons who can receive gifts).
- If you use a NYS Statutory PoA form, gifting authority for all agents including your close family members must be granted in the Modifications Section of the PoA. To do this, you must initial Section (g) “Certain Gift Transactions” and provide the specific gifting authority granted to your agent(s) in Section (h) “Modifications.”