Blumberg Publishes Revised New York Power of Attorney Forms and Releases New Non-Statutory Power of Attorney for Commercial Transactions

NEW YORK, NY – August 26, 2010 – BlumbergExcelsior, Inc., the leading supplier of legal forms online and on paper, announces the publication of revised power of attorney forms for New York State. The new forms incorporate the amendments to the statutory power of attorney now found in General Obligations Law Sections 5-1501-14. Governor Paterson signed the Bill (A8392C) on August 13, 2010 and it will become effective on September 12. Current forms signed prior to September 12 will be valid after that date. A reading of section 31 of the Bill suggests that the new power of attorney forms may be signed prior to September 12, but cannot be acted upon until September 12th.

In introducing the new forms, Bob Blumberg, President, said “We’ve been keeping a close watch on the Statutory Powers of Attorney Bill as it moved through the state legislature and onto the Governor’s desk. Our presses are running and the forms will be available for shipment by September 7. We’ll make them available onBlumbergLegalForms.com, our legal forms website, earlier in September.”

The following is a list of Blumberg’s revised New York power of attorney forms:

M43 Statutory, non durable, affidavit of attorney, 6 pp., 9-10

M44 Statutory, durable, without affidavit of attorney, 4 pp., 9-10

P45 Statutory major gifts rider, 2 pp., 9-10

M49 Statutory, effective at a future time (springing), durable, affidavit of attorney, 6 pp., 9-10

M51 Statutory, durable, affidavit of attorney, 6 pp., 9-10

New Non-Statutory New York Power of Attorney

Blumberg is also introducing a new non-statutory power of attorney form for New York. Form M40 is a non-statutory commercial power of attorney for business, finance and real estate transactions prepared by Donovan & Giannuzzi, LLP. Mr. Blumberg said, “The new law clears up uncertainty as to whether a non-statutory power of attorney could be used in real estate and commercial transactions. The new form will simplify the paperwork for all involved in these transactions.”

BlumbergExcelsior, Inc. is the leading supplier of paper and online legal forms for New York. Lawyers use Blumberg forms for ease of use, the breath of practice areas covered and for compliance with court practices and legislative regulations and procedures. In addition to paper legal forms, often called Blumberg Law Blanks, Blumberg publishes its legal forms in three electronic formats to meet the varied needs of its customers. First and most popular are Blumberg Forms Online, which are available 24/7 from any computer with an internet connection. There’s no software to buy or install. Customers can purchase a form for one transaction for $9.00 or buy an ID for 10, 25 on up to 2000 transactions for as little as $2.50 per transaction. Second, law firms can buy Blumberg Forms Intranet, which any person with an ID and password connected to the firm’s network can use. Third, there’s Blumberg Blazer® CD Forms Software. Any computer connected to a firm’s network in one location has access.