Connecticut Legislative Update

Connecticut Legislative Update

The Connecticut legislature enacted the Connecticut Uniform Power of Attorney Act (the “Act”), which is effective July 1, 2016, and which was detailed in our Distribution Memo dated June 1, 2016.  Subsequently, the Connecticut legislature enacted revisions and supplements to the Act, which are effective October 1, 2016.

 

Connecticut Substitute Senate Bill 142

 

A power of attorney executed in Connecticut on or after October 1, 2016 (previously October 1, 2015) is valid if its execution complies with the requirements of the Act, as amended.

 

A power of attorney executed in Connecticut before October 1, 2016 (previously October 1, 2015), is valid if its execution complied with the state law in existence at the time of its execution.

 

The use of either the short form (previously no short form) or the long form (provided in the previous Distribution Memo and amended herein) is authorized.  This authorization is not to be construed as a bar to the use of any other form of power of attorney desired by the parties concerned.

 

Following is the Statutory Power of Attorney – Short Form:

 

STATE OF CONNECTICUT

POWER OF ATTORNEY – SHORT FORM

 

Notice:  The powers granted by this document are broad and sweeping.  They are defined in the Connecticut Uniform Power of Attorney Act, which expressly permits the use of any other or different form of power of attorney desired by the parties concerned.  The grantor of any power of attorney or the agent may make application to a court of probate for an accounting as provided in subsection (b) of section 45a-175, of the general statutes.  This power of attorney does not authorize the agent to make health care decisions for you.

 

Know All Persons by These Presents, which are intended to constitute a GENERAL POWER OF ATTORNEY pursuant to Connecticut Uniform Power of Attorney Act:

 

That I __________________ (insert name and address of the principal) do hereby appoint __________________ (insert name and address of the agent, or each agent, if more than one is designated) my agent(s) TO ACT___________

 

(If more than one agent is designated and the principal wishes each agent alone to be able to exercise the power conferred, insert in this blank the word “severally.”  Failure to make any insertion or the insertion of the word “jointly” shall require the agents to act jointly.)

 

First:  In my name, place and stead in any way which I myself could do, if I were personally present, with respect to the following matters as each of them is defined in the Connecticut Uniform Power of Attorney Act to the extent that I am permitted by law to act through an agent:

 

(Strike out and initial in the opposite box any one or more of the subparagraphs as to which the principal does NOT desire to give the agent authority.   Such elimination of any one or more of subparagraphs (A) to (M), inclusive, shall automatically constitute an elimination also of (N).)

 

To strike out any subparagraph the principal must draw a line through the text of that subparagraph AND write his initials in the box opposite.

 

  • Real Property;                                                                                                   (     )
  • Tangible Personal Property;                                                                          (     )
  • Stocks and Bonds;                                                                                            (     )
  • Commodities and options;                                                                             (     )
  • Banks and other financial institutions;                                                       (     )
  • Operation of entity or business;                                                                    (     )
  • Insurance and annuities;                                                                                (     )
  • Estates, trusts, and other beneficial interests;                                           (     )
  • Claims and litigation;                                                                                      (     )
  • Personal and family maintenance;                                                               (     )
  • Benefits from governmental programs or civil or military service;      (     )
  • Retirement plans;                                                                                            (     )
  • Taxes;                                                                                                                 (     )
  • All other matters;                                                                                            (     )

 

_________________________________________________

_________________________________________________

_________________________________________________

 

(Special provisions and limitations may be included in the statutory form power of attorney only if they conform to the requirements of the Connecticut Uniform Power of Attorney Act.)

 

Second:  With full and unqualified authority to delegate any or all of the foregoing powers to any person or persons whom my agent(s) shall select.

 

Third:  Hereby ratifying and confirming all that said agent(s) or substitute(s) do or cause to be done.

 

Fourth:   LIMITATION ON AGENT’S AUTHORITY

 

An agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the agent or a person to whom the agent owes an obligation of support unless I have included that authority in the special instructions.

 

Fifth:   DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL)

 

If my agent is unable or unwilling to act for me, I name as my successor agent:

 

Name of Successor Agent:  ­­­­­­­­­­­­­­­­­­­­­­­­­­­_____________________________

Successor Agent’s Address: ____________________________

 

If my successor agent is unable or unwilling to act for me, I name as my second successor agent:

 

Name of Second Successor Agent:  ­­­­­­­­­­­­­­­­­­­­­­­­­­­_____________________________

Second Successor Agent’s Address: ____________________________

 

Sixth:   EFFECTIVE DATE

 

This power of attorney is effective immediately unless I have stated otherwise in the special instructions.

 

(The execution of this statutory short form power of attorney shall be duly acknowledged by the principal in the manner prescribed for the acknowledgment of a conveyance of real property.)

 

 

 

In Witness Whereof I have hereunto signed my name and affixed my seal this ____ day of ________, 20___.

 

 

 

________________________________________

(Signature of Principal) (Seal)

 

 

                                                                                   

Witness

 

 

                                                                                   

Witness

 

 

STATE OF                                         

 

COUNTY OF                                    

 

On this the ____ day of ___________, 20_____, before me, ________________ (name of principal), signer of the foregoing instrument, personally appeared, and acknowledged the execution of such instrument to be his/her free act and deed.

 

 

                                                                                   

 

Commissioner of the Superior Court

Notary Public

My commission expires: _____________________

 

 

 

 

Following is the Statutory Power of Attorney – Long Form:

 

 

STATE OF CONNECTICUT

POWER OF ATTORNEY 

 

 

Notice:  The powers granted by this document are broad and sweeping.  They are defined in the Connecticut Uniform Power of Attorney Act, which expressly permits the use of any other or different form of power of attorney desired by the parties concerned.  The grantor of any power of attorney or the agent may make application to a court of probate for an accounting as provided in subsection (b) of section 45a-175, of the general statutes.  This power of attorney does not authorize the agent to make health care decisions for you.

 

Know All Persons by These Presents, which are intended to constitute a GENERAL POWER OF ATTORNEY pursuant to the Connecticut Uniform Power of Attorney Act:

 

That I __________________ (insert name and address of the principal) do hereby appoint __________________ (insert name and address of the agent, or each agent, if more than one is designated) my agent(s) TO ACT___________

 

(If more than one agent is designated and the principal wishes each agent alone to be able to exercise the power conferred, insert in this blank the word “severally.”  Failure to make any insertion or the insertion of the word “jointly” shall require the agents to act jointly.)

 

First:  In my name, place and stead in any way which I myself could do, if I were personally present, with respect to the following matters as each of them is defined in the Connecticut Uniform Power of Attorney Act to the extent that I am permitted by law to act through an agent:

 

(Strike out and initial in the opposite box any one or more of the subparagraphs as to which the principal does NOT desire to give the agent authority.   Such elimination of any one or more of subparagraphs (A) to (M), inclusive, shall automatically constitute an elimination also of subparagraph (N).)

 

To strike out any subparagraph the principal must draw a line through the text of that subparagraph AND write his initials in the box opposite.

 

 

  • Real Property;                                                                                               (     )
  • Tangible Personal Property;                                                                      (     )
  • Stocks and Bonds;                                                                                        (     )
  • Commodities and options;                                                                         (     )
  • Banks and other financial institutions;                                                   (     )
  • Operation of entity or business;                                                                (     )
  • Insurance and annuities;                                                                            (     )
  • Estates, trusts, and other beneficial interests;                                       (     )
  • Claims and litigation;                                                                                  (     )
  • Personal and family maintenance;                                                           (     )
  • Benefits from governmental programs or civil or military service;   (     )
  • Retirement plans;                                                                                         (     )
  • Taxes;                                                                                                              (     )
  • All other matters;                                                                                         (     )

 

_________________________________________________

_________________________________________________

_________________________________________________

_________________________________________________

 

(Special provisions and limitations may be included in the statutory form power of attorney only if they conform to the requirements of the Connecticut Uniform Power of Attorney Act.)

 

OPTIONAL ESTATE PLANNING POWERS

 

YOU SHOULD SEEK LEGAL ADVICE BEFORE INCLUDING THE FOLLOWING POWERS:

 

(CAUTION:  Granting any of the following will give your agent the authority to take actions that could significantly reduce your property or change how your property is distributed at your death.)

 

My agent MAY NOT do any of the following specific acts UNLESS I HAVE INITIALED the specific authority listed below:

 

(O) Create, amend, revoke or terminate an inter vivos trust, provided                (     )

in the case of a trust established for a disabled person pursuant to

42 USC 1396p (d)(4)(A) or 42 USC 1396p (d)(4)(C), the creation

of such trust by an agent shall be only as permitted by federal law;

 

(P) Make a gift, subject to the limitations of the Connecticut Uniform               (     )

Power of Attorney Act and any special instructions in this power

of attorney.  Unless otherwise provided in the special instructions,

gifts per recipient may not exceed the annual dollar limits of the

federal gift tax exclusion under Internal Revenue Code Section

2503(b), or if the principal’s spouse agrees to consent to a split

gift pursuant to Internal Revenue Code Section 2513, in an

amount per recipient not to exceed twice the annual federal gift

tax exclusion limit.  In addition, an agent must determine that

gifts are consistent with the principal’s objectives if actually

known by the agent and, if unknown, as the agent determines is

consistent with the principal’s best interest based on all relevant

factors;

 

  • Create or change rights of survivorship; ( )

 

  • Create or change a beneficiary designation; (     )

 

  • Authorize another person to exercise the authority granted (     )

under this power of attorney;

 

  • Waive the principal’s right to be a beneficiary of a joint and (     )

survivor annuity, including a survivor benefit under a

retirement plan;

 

(U) Exercise fiduciary powers that the principal has authority to                        (     )

delegate;

 

(V) Disclaim or refuse an interest in property, including a power                       (     )

of appointment.

 

Second:  With full and unqualified authority to delegate any or all of the foregoing powers to any person or persons whom my agent(s) shall select.

 

Third:  Hereby ratifying and confirming all that said agent(s) or substitute(s) do or cause to be done.

 

Fourth:   LIMITATION ON AGENT’S AUTHORITY

 

An agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the agent or a person to whom the agent owes an obligation of support unless I have included that authority in the special instructions.

 

Fifth:   DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL)

 

If my agent is unable or unwilling to act for me, I name as my successor agent:

 

Name of Successor Agent:  ­­­­­­­­­­­­­­­­­­­­­­­­­­­_____________________________

Successor Agent’s Address: ____________________________

 

If my successor agent is unable or unwilling to act for me, I name as my second successor agent:

 

Name of Second Successor Agent:  ­­­­­­­­­­­­­­­­­­­­­­­­­­­_____________________________

Second Successor Agent’s Address: ____________________________

 

Sixth:   EFFECTIVE DATE

 

This power of attorney is effective immediately unless I have stated otherwise in the special instructions.

 

The execution of this statutory long form power of attorney shall be duly acknowledged by the principal in the manner prescribed for the acknowledgment of a conveyance of real property.

 

In Witness Whereof I have hereunto signed my name and affixed my seal this ____ day of ________, 20___.

 

 

________________________________________

(Signature of Principal) (Seal)

 

 

                                                                                   

Witness

 

 

                                                                                   

Witness

 

 

STATE OF                                         

 

COUNTY OF                                    

 

On this the ____ day of ___________, 20_____, before me, ________________ (name of principal), signer of the foregoing instrument, personally appeared, and acknowledged the execution of such instrument to be his/her free act and deed.

 

 

                                                                                   

 

Commissioner of the Superior Court

Notary Public

My commission expires: _____________________

 

 

 

On and after October 1, 2016, the Act, as amended herein, applies to:

  • A power of attorney created before, on, or after October 1, 2016;
  • A judicial proceeding concerning a power of attorney commenced on or after October 1, 2016; and
  • A judicial proceeding concerning a power of attorney commenced before October 1, 2016, unless the court finds that application of a provision would substantially interfere with the effective conduct of the judicial proceeding or prejudice the rights of a party, in which case that provision does not apply and the superseded law applies.

 

An act performed by an agent under a power of attorney before October 1, 2016, is not affected by this Act.