NY Gen Oblig L § 5-1502G (2021)
2021 New York Laws GOB - General Obligations Article 5 - Creation, Definition and Enforcement of Contractual Obligations Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning 5-1502G - Construction--Estate Transactions.

§ 5-1502G. Construction--estate  transactions.  In  a  statutory short   form power of attorney, the language conferring general  authority  with   respect  to  "estate  transactions, " must be construed to mean that the   principal authorizes the agent:1. To the extent that an agent is permitted by law thus to act  for  a   principal,  to  apply  for and to procure, in the name of the principal,   letters of administration, letters testamentary, letters of trusteeship,   or any other type of authority, either judicial  or  administrative,  to   act as a fiduciary of any sort;2.  To  the extent that an agent is permitted by law thus to act for a   principal, to represent and to act for the principal in all ways and  in   all  matters  affecting  any  estate  of a decedent, absentee, infant or   incompetent, or any trust or other fund, out of which the  principal  is   entitled,  or  claims  to be entitled, to some share or payment, or with   respect to which the principal is a fiduciary;3. Subject to the provisions of paragraph (d) of section 2-1.11 of the   estates, powers and trusts law, to accept, to  reject,  to  receive,  to   receipt  for, to sell, to assign, to release, to pledge, to exchange, or   to consent to a reduction in or modification of, any share in or payment   from any estate, trust or other fund;4. To demand, to obtain by action, proceeding or otherwise any  money,   or other thing of value to which the principal is, or may become, or may   claim  to be entitled by reason of the death testate or intestate of any   person or of any testamentary disposition or of any trust or  by  reason   of  the administration of the estate of a decedent or absentee or of the   guardianship of an infant or incompetent or the  administration  of  any   trust  or  other  fund, to initiate, to participate in and to oppose any   proceeding, judicial or otherwise, for the ascertainment of the meaning,   validity or effect of any deed, will, declaration  of  trust,  or  other   transaction  affecting  in  any  way  the  interest of the principal, to   initiate, to participate in and to oppose any  proceeding,  judicial  or   otherwise, for the removal, substitution or surcharge of a fiduciary, to   conserve,  to invest, to disburse or to utilize anything so received for   purposes enumerated in this section, and to reimburse the agent for  any   expenditures  properly  made  by  him  in  the  execution  of the powers   conferred on him by the statutory short form power of attorney;5.  To  prepare,  to  sign,  to  file  and  to  deliver  all  reports,   compilations  of  information,  returns  or  papers  with respect to any   interest had or claimed by or on behalf of the principal in any  estate,   trust,  or other fund, to pay, to compromise or to contest, and to apply   for refunds in connection with, any tax or assessment, with  respect  to   any  interest  had  or  claimed  by or on behalf of the principal in any   estate, trust or other fund or by reason of the death of any person,  or   with respect to any property in which such interest is had or claimed;6. To agree and to contract, in any manner, and with any person and on   any  terms,  which  the  agent may select, for the accomplishment of the   purposes enumerated in this section, and  to  perform,  to  rescind,  to   reform,  to  release, or to modify any such agreement or contract or any   other similar agreement  or  contract  made  by  or  on  behalf  of  the   principal;7.  To  execute,  to  acknowledge,  to verify, to seal, to file and to   deliver any consent, designation, pleading,  notice,  demand,  election,   conveyance,  release,  assignment,  check,  pledge, waiver, admission of   service, notice of appearance or other instrument which  the  agent  may   think useful for the accomplishment of any of the purposes enumerated in   this section;8.  To  submit  to alternative dispute resolution or to settle, and to   propose or to accept a compromise with respect  to  any  controversy  or    claim  which  affects  the  estate  of  a  decedent, absentee, infant or   incompetent, or the administration of a trust or other fund, in any  one   of  which  the  principal has, or claims to have, an interest, and to do   any  and  all  acts  which  the  agent  shall  think  to be desirable or   necessary in effectuating such compromise;9. To hire, to discharge, and to compensate any attorney,  accountant,   expert  witness  or  other assistant or assistants, when the agent shall   think such action to be desirable for the proper execution by him of any   of the powers described in this section, and for the keeping  of  needed   records thereof; and10.  In  general,  and  in  addition  to all the specific acts in this   section enumerated, to do any other act or acts, which the principal can   do through an agent, with respect to the estate of a decedent, absentee,   infant or incompetent, or the administration of a trust or  other  fund,   in  any  one of which the principal has, or claims to have, an interest,   or with respect to which the principal is a fiduciary.All powers described in this section shall be exercisable equally with   respect to any estate of a decedent, absentee, infant or incompetent, or   the administration of any trust or other fund, in which the principal is   interested at the giving of the power  of  attorney  or  may  thereafter   become interested, regardless of whether the estate, trust or other fund   is  specifically  identified  at the giving of the power of attorney and   whether located in the state of New York or elsewhere.