A New Mexico general power of attorney is a form that appoints an attorney-in-fact to represent an individual in various financial activities. The person authorizing the document, known as the “principal,” typically allows the attorney-in-fact to handle their property, banking, and investment transactions. Since this POA isn’t durable, it loses its validity if the principal becomes incapacitated.
A New Mexico general power of attorney is a form that appoints an attorney-in-fact to represent an individual in various financial activities. The person authorizing the document, known as the “principal,” typically allows the attorney-in-fact to handle their property, banking, and investment transactions. Since this POA isn’t durable, it loses its validity if the principal becomes incapacitated.
A New Mexico general power of attorney is a form that appoints an attorney-in-fact to represent an individual in various financial activities. The person authorizing the document, known as the “principal,” typically allows the attorney-in-fact to handle their property, banking, and investment transactions. Since this POA isn’t durable, it loses its validity if the principal becomes incapacitated.
Although notarization is not explicitly required by law, it is advisable to notarize the document to strengthen its validity. Some institutions may refuse to recognize the authority of an attorney-in-fact if the power of attorney is not notarized.
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