Thoughts on the use of The New York “Major Gifts Rider”

2017-08-04T17:40:49+00:00

By Joann Prinzivalli We recently became aware that some title companies, lenders and lender’s attorneys require that sellers utilizing a New York Statutory Short Form Power of Attorney must execute an “optional” Statutory Major Gifts Rider in all cases. Such a policy unlawfully interferes with the seller’s rights. However, the statutory relief involves only an order [...]