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Monitor
Monitor is a new term approved by the NY legislature in 2008 in connection with the new Power of attorney laws of NY. The purpose of appointing a monitor is to prevent elder abuse and abuse of a power of attorney. A monitor can be appointed by the principal in the Power of attorney and is given the authority to request, receive, and seek to compel the … Full Definition »

Power Of Attorney Legal Terms and Legal Words. Trusts & Estate Planning Terminology

agent
an agent means a person granted authority to act as attorney-in-fact for the principal under a power of attorney, and includes the original agent and any co-agent or successor agent. Unless the context indicates otherwise, an "agent" designated in a power of attorney shall mean "attorney-in-fact". An agent acting under a power of attorney has a … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
capacity
'Capacity' means ability to comprehend the nature and consequences of the act of executing and granting, revoking, amending or modifying a power of attorney, any provision in a power of attorney, or the authority of any person to act as agent under a power of attorney. … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
Monitor
Monitor is a new term approved by the NY legislature in 2008 in connection with the new Power of attorney laws of NY. The purpose of appointing a monitor is to prevent elder abuse and abuse of a power of attorney. A monitor can be appointed by the principal in the Power of attorney and is given the authority to request, receive, and seek to compel the … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
power of attorney
Power of attorney means a written document by which a principal with capacity designates an agent to act on his or her behalf. … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
SMGR
SMGR stands for a Statutory Major Gifts Rider. Statutory major gifts rider is a new term adopted by the NY Legislature in 2008. The Statutory major gifts rider (SMGR) must be a part of a valid NY Statutory Short Form of a Power of attorney. It means a document by which the principal (a person executing a Power of attorney) may supplement a statutory short … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
Statutory major gifts rider
Statutory major gifts rider is a new term adopted by the NY Legislature in 2008. The Statutory major gifts rider (SMGR) must be a part of a valid NY Statutory Short Form of a Power of attorney. It means a document by which the principal (a person executing a Power of attorney) may supplement a statutory short form power of attorney to authorize an agent … Full Definition »
Law topic: Power Of Attorney << Legal issue: Trusts & Estate Planning
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Insurance News NetSimilar to the health care power of attorney, a general -- or financial -- power of attorney allows someone to appoint an agent to act on their behalf in handling financial matters, and is another key component of estate planning. The documents have ... more »
WKTVLocal attorney Colin LaReaux, who represents Zavalidroga's brothers, Jon and Victor, said the hearing into Margaret Zavalidroga's power of attorney ended Tuesday evening. A decision was issued by State Supreme Court Justice Samuel Hester on ... more »
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