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New Mexico Revocation of Statutory General Power of Attorney

Revocation Power Attorney

Name: New Mexico Revocation of Statutory General Power of Attorney
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (390 reviews)

Category:

New Mexico Power of Attorney - Healthcare - Revocations

State:

New Mexico

Control #:

NM-P010B

Format:

Instant download

Description Revoke Power Of Attorney Printable Form

This form is a revocation of the statutory power of attorney provided in Form NM-P010, which allows you to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, business, insurance or other matters for you. You may revoke a power of attorney by a signed written instrument, such as this form. You must deliver a copy of the revocation to the agent and this form must be signed and notarized.

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Revocation Of Power Of Attorney Form Other Form Names

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Power Of Attorney Sample FAQ

The Principal can override either type of POA whenever they want. However, other relatives may be concerned that the Agent (in most cases a close family member like a parent, child, sibling, or spouse) is abusing their rights and responsibilities by neglecting or exploiting their loved one.

In other words, a Revocation of Power of Attorney is written confirmation that a principal (the person who appointed power in a Power of Attorney) no longer wants or needs their attorney-in-fact (the person who was appointed power in a Power of Attorney, sometimes called an agent or donor) to act on their behalf.

While any new power of attorney should state that old powers of attorney are revoked, you should also put the revocation in writing. The revocation should include your name, a statement that you are of sound mind, and your wish to revoke the power of attorney.

If you decide that you want to cancel / revoke a PoA that is registered with us, you will need to tell us. A PoA can only be cancelled / revoked by you, the granter, if you are capable of making and understanding this decision.

Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.

A Power of Attorney shall not be deemed to be an irrevocable one merely because it states, in the clauses of the deed executed for grant of such Power of Attorney, of it being irrevocable. Such Power of Attorney may be revoked by the principal or the Power of Attorney holder by the procedure according to law.

A principal can revoke the power of attorney while he or she is still mentally competent. A principal can complete a formal written document requesting the revocation of a power of attorney at any time, for any reason, while he or she is still competent. The principal must sign and notarize the revocation request.

A principal can rescind a Power of Attorney at any time, even if the Power of Attorney has a specified end date, so long as the principal is competent and the attorney-in-fact is notified. Third parties (such as a bank or the Land Titles Office) should also be notified of the revocation.

Revocation Power Attorney

Description Revoke Power Of Attorney Printable Form

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Power Of Attorney Sample FAQ

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What is needed to revoke a power of attorney?

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