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).
Form Description Types
New Mexico General Power of Attorney Form
New Mexico Medical Power of Attorney Form
New Mexico Limited Power of Attorney Form
New Mexico Durable Power of Attorney Form
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