The New Mexico General (Financial) Power of Attorney elucidates the finer points of a transaction that legally administers controls related to a person’s finances to a nominated agent. The formal agreement can be a convenient tool to make a lawful concession for an attorney-in-fact to handle stipulated areas of an associated principal party’s assets, taxes, or legal affairs. The document provides allocated spaces to select which permissions are to be passed along to the and a section to specify any requested limitation on the issued privileges.
Laws
Statute – New Mexico Statutes – Uniform Power of Attorney Act (§ 45-5B-101 – 45-5B-403)
Definitions – “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used (§ 45-5B-102(G)).
Signing Requirements – Notary affirmation is needed to complete the legal bond (§ 45-5B-105).
Revocation – § 45-5B-110
Other Versions
New Mexico General (Financial) Power of Attorney – Version 1
Download: Adobe PDF
Additional Resources
- Law Offices of Dana M. Kyle – NM Financial Powers of Attorney: What You Need to Know
- Pregenzer, Baysinger, Wideman, & Sale – What are the “Powers” in Powers of Attorney
Related Forms
Advance Directive (Medical POA & Living Will)
Download: Adobe PDF, MS Word (.docx)
Durable (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)