Pro Bono & Offices
Pro Bono Offices Unemployment Offices Employment Departments Victim Assistance Centers Courts Bar Associations District Attorney Offices Departments of Justice Attorney Generals
Free Legal Advice
Pro Bono Services Unemployment Benefits Free Legal Aid Retaining a Lawyer ACLU Types of Lawyers
Power of Attorney
All Types of POA Advance Directive Durable POA Medical POA General POA Limited POA Revocation of POA Motor Vehicle POA Springing POA Real Estate POA Minor POA State Tax Filing POA
Public Records IRS Tax Forms
IRS Tax Forms Public Records
Power of Attorney
All Types of POA Advance Directive Durable POA Medical POA General POA Limited POA Revocation of POA Motor Vehicle POA Springing POA Real Estate POA Minor POA State Tax Filing POA
Pro Bono & Offices
Pro Bono Offices Unemployment Offices Employment Departments Victim Assistance Centers Courts Bar Associations District Attorney Offices Departments of Justice Attorney Generals
Free Legal Advice
Pro Bono Services Unemployment Benefits Free Legal Aid Retaining a Lawyer ACLU Types of Lawyers
arrow
Home
Power of Attorney
General POA
New Mexico General (Financial) Power of Attorney

New Mexico General (Financial) Power of Attorney

ads1

A general (financial) power of attorney form in New Mexico is a legal document that permits an individual to appoint another person to oversee their assets and properties. The authority given to the appointed person will automatically end if the principal is deemed incapacitated and is no longer able to make decisions for themselves.

Download PDF
4.6 (851 Votes)
8,861 Downloads

Signing Requirements

Notary public.

Laws

Durable - A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.<a class="source-url" href="#source-url1">[1]</a>

Incapacity - means inability of an individual to manage the individual's estate or financial affairs, or both, because: of gross mismanagement, as evidenced by recent behavior, of the individual's income and resources or the individual's medical inability to manage the individual's income and resources that has led, or is likely in the near future to lead, to financial vulnerability; or the individual is missing, detained (incarcerated), or is outside the US and unable to return.<a class="source-url" href="#source-url2">[2]</a>

Signing Requirements - Must be notarized.<a class="source-url" href="#source-url3">[3]</a>

Sources

  1. § 45-5B-104
  2. § 45-5B-102(E)
  3. § 45-5B-105
ads2

Notice

The information and templates provided on this website are for general informational purposes only and are not a substitute for professional legal advice. While we strive to offer accurate and up-to-date forms, the legal landscape is complex and varies by jurisdiction. We strongly recommend that you consult with a qualified attorney for specific legal issues or questions. Using our templates does not create an attorney-client relationship, and we are not responsible for any actions taken based on the information provided here.

Most-used POA Types

The Significance of POA

Learn About the Importance of a POA
Learn About the Importance of a POA

The importance of a Power of Attorney (POA) cannot be overstated. It provides a crucial mechanism for individuals to ensure their wishes are respected, especially in times of incapacity or emergency.

By designating an agent, the principal can ensure that someone they trust will make decisions regarding their finances, healthcare, and legal matters. This can help prevent disputes among family members and ensure timely decision-making when needed. Additionally, having a POA in place can protect an individual’s interests, allowing for smooth management of affairs without the need for court intervention. Overall, a POA is a vital tool for planning and safeguarding one's future.