The New Mexico Durable (Financial) Power of Attorney yields a contractual understanding to permit a named individual recorded rights to allot action on behalf of another in connection with stipulated financial/personal areas. A durable POA provides an extra allowance of endurance, sanctioning the powers to remain intact even if the principal party becomes consistently unconscious for a duration of time. The authorization(s) granted are sweeping, permitting the attorney-in-fact access to manage the declarant’s assets, legal proceedings, tax matters, insurance policies, and more, as indicated on the form. The state of New Mexico demands that a notary public presides over the official execution of the accord, affording expressed approval with an affixed signature.
Laws
Statute – New Mexico Statutes – Uniform Power of Attorney Act (§ 45-5B-101 – 45-5B-403)
Definitions – “Durable”, with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 45-5B-102(B)).
Signing Requirements – Notary affirmation is needed to complete the legal bond (§ 45-5B-105).
Revocation – § 45-5B-110
Other Versions (3)
Download: Adobe PDF
State Bar of New Mexico Version
Download: Adobe PDF
University of New Mexico Version
Download: Adobe PDF
Additional Resources
- Law Offices of Dana M. Kyle – NM Financial Powers of Attorney: What You Need to Know
Related Forms
Advance Directive (Medical POA & Living Will)
Download: Adobe PDF, MS Word (.docx)
General (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)