New Mexico Power of Attorney
Have you ever needed to be in two places at once, of course, we all have. Did you know a New Mexico power of attorney could help you do just that? Did that business trip fall at the same time as a real estate closing? Not to worry, fill out a New Mexico property power of attorney and leave town. Leaving the kids with a trusted sitter for the weekend? Leave a New Mexico power of attorney for children with the kids and be assured, should an emergency arise, your sitter has the power to take care of it. The applications for a New Mexico power of attorney are many, as you will see.
The powers of attorney for specific situations like real estate, vehicles, children, travel and many others, are called either limited or special powers of attorney. They grant very specific, limited powers to your attorney-in-fact. Your attorney-in-fact can be anyone you trust to handle a specific power. This person could be your babysitter, your house sitter, your real estate agent, a neighbor or a local mechanic who is good at selling cars. The forms to grant these limited powers are at Legal Zoom.
If you have ever worked with a New Mexico estate planning attorney you probably know they have several more uses for these powers, the documents they like to see in your estate plan. While most of these are the durable type of powers of attorney, a non-durable general power of attorney, listing your spouse as the attorney-in-fact, is also recommended.
Non-durable powers of attorneys are normally effective immediately while durable powers of attorney are effective when you are mentally incapable of taking care of your financial and health issues. A non-durable general power of attorney, with your spouse as the attorney-in-fact, is a great document to have on hand. You never know when it could come in handy, or it could bite you in the rear if you ever get a divorce and forget to void it. In New Mexico, your powers of attorney stay in effect even after a divorce. Forgetting to void these could present problems.
The durable power of attorney documents for your estate plan should be for medical and financial purposes. A New Mexico durable medical power of attorney gives your attorney-in-fact the power to make health decisions for you. A health care directive can be added to this document spelling out all of your health care wishes. Your attorney-in-fact is then required to follow you instructions and oversee all of your health care providers so that they do the same. The durable financial document grants the power to handle all of your personal and business needs while you are unable to. This could include depositing checks and paying bills or even selling stocks and property.
New Mexico powers of attorney can either make your life easier or be filed away in the "in case of an emergency" file. The more familiar you are with them the more you will use them.
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