Statutory Power of Attorney Form - New Mexico

A New Mexico Statutory Power of Attorney Form is used when permission is granted by a principal, allowing another party (the agent) to make vital financial choices on behalf of the principal. The principal may choose to do this in instances when they would like someone else to look after business or property-related finances. However, if the principal becomes incapacitated or develops a condition that will prevent them from thinking rationally, the document can still legally be applied. This is why principals opt for a close family member or friend to be their agent. When picking an agent, it is crucial to keep in mind that the agent should be reliable and this individual needs to respect the wishes of the principal.

In New Mexico, a New Mexico Statutory Power of Attorney requires both the agent and principal to sign the form. However, only the signature of the principal should be notarized - it is not compulsory for the agent to do this.

Haven't found the form you're looking for? Take a look at the related forms below:

• Power of Attorney (POA);
• Durable Power of Attorney Form;
• Medical Power of Attorney Form.