New Mexico Power of Attorney Forms
The New Mexico Power of Attorney Forms are legal agreements used give one person (known as the Attorney-in-Fact or Agent) the power to act on behalf of another person (known as the Principal). Although there are many different ways to classify these kinds of agreements, the most common are as either Immediate or Springing (indicating it will go into effect immediately upon being signed or after the Principal has been declared incapacitated by a doctor, respectively).
New Mexico General Power of Attorney Form
The New Mexico General Power of Attorney Form is used to give the Agent far reaching over the Principal’s financial affairs. In this case it usually allows the Agent to add or withdraw money from the Principal’s bank accounts, oversee…Read more ›
New Mexico Medical Power of Attorney Form
The New Mexico Medical Power of Attorney Form is used to give the Agent authority over the Principal’s medical treatment and health care. These kinds of agreements are typically Springing and essentially always Durable, as otherwise they would be useless;…Read more ›
New Mexico Limited Power of Attorney Form
The New Mexico Limited Power of Attorney Form is used to give the Agent a single fixed power, usually to assume a specific responsibility or perform a specific task for the Principal. As these are usually tasks the Principal is…Read more ›
New Mexico Durable Power of Attorney Form
The New Mexico Durable Power of Attorney Form is used when the Principal wishes to ensure that their Agent will continue to serve as their Agent, even if the Principal is declared incapable of making their own decisions. This sort…Read more ›
What form the Principal will need depends on what kind of powers they want to give over to their Agent. These powers are typically financial in nature, although depending on the agreement, they may be medical or even childcare related. The Principal should consider the following forms carefully, as each has its place and can usually be altered to meet almost all of a Principal’s needs.
New Mexico Power of Attorney Law
- New Mexico Statutes, Chapter 46B