Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Yes, it's best to let your agent know about their role. Nobody likes surprises, especially when it comes to handling someone else's affairs.
If you become incapacitated without one, the court might have to step in to decide who manages your finances. It's a bit like bringing in a referee when there's a disagreement.
You can give your agent wide-ranging powers like handling bank accounts, selling property, or paying bills. Just make sure you outline what you want them to do.
Yes, you can change or revoke it whenever you want, as long as you are of sound mind. Just like changing the locks if you move to a new place!
You can choose just about anyone you trust, like a family member, a close friend, or even a lawyer. Just make sure they're reliable and have your best interests at heart.
Yes, it can be valid, but it's smart to double-check that it meets New Mexico's laws. You don’t want to hit any speed bumps!
You can give your Agent broad powers, like buying or selling property, managing bank accounts, or handling investments. Just be clear about what you want them to do.
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Albuquerque New Mexico Poder General para la Propiedad