STATUTORY POWER OF ATTORNEY - LOPDNM

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STATUTORY POWER OF ATTORNEYSection 45-5B-301. STATUTORY FORM POWER OF ATTORNEY. A documentsubstantially in the following form may be used to create a statutory form power ofattorney that has the meaning and effect prescribed by the Uniform Power of AttorneyAct:NEW MEXICO STATUTORY FORM POWER OF ATTORNEYIMPORTANT INFORMATIONThis power of attorney authorizes another person (your agent) to make decisionsconcerning your property for you (the principal).Your agent will be able to makedecisions and act for you with respect to your property (including your money) whetheror not you are able to act for yourself. The meaning of authority over subjects listed onthis form is explained in the Uniform Power of Attorney Act.This power of attorney does not authorize the agent to make health caredecisions for you.You should select someone you trust to serve as your agent. Unless you specifyotherwise, generally the agent’s power will continue until you die or revoke the power ofattorney or the agent resigns or is unable to act for you.Your agent is entitled to reasonable compensation unless you state otherwise inthe Special Instructions.This form provides for designation of one agent. If you wish to name more thanone agent, you may name a co-agent in the Special Instructions. Co-agents are notrequired to act together unless you include that requirement in the Special Instructions.1

If your agent is unable or unwilling to act for you, your power of attorney will endunless you have named a successor agent. You may also name a second successoragent.This power of attorney becomes effective immediately unless you state otherwisein the Special Instructions.If you have questions about the power of attorney or the authority you aregranting to your agent, you should seek legal advice before signing this form.DESIGNATION OF AGENTI, ,(Your Name)name the following person as my agent:Name of Agent:Agent’s Address:Agent’s Telephone Number:DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL)If my agent is unable or unwilling to act for me, I name as my successor agent:Name of Successor Agent:Successor Agent’s Address:Successor Agent’s Telephone Number:If my successor agent is unable or unwilling to act for me, I name as mysuccessor agent:Name of Second Successor Agent:Second Successor Agent’s Address:Second Successor Agent’s Telephone Number:2

GRANT OF GENERAL AUTHORITYI grant my agent and any successor agent general authority to act for me withrespect to the following subjects as defined in the Uniform Power of Attorney Act.(INITIAL each subject you want to include in the agent’s general authority. If you wishto grant general authority over all the subjects, you may initial “All Preceding Subjects”instead of initialing each subject.)( )real property( )tangible personal property( )stocks and bonds( )commodities and options( )banks and other financial institutions( )operation of entity or business( )insurance and annuities( )estates, trusts and other beneficial interests( )claims and litigation( )personal and family maintenance( )benefits from governmental programs or civil or military service( )retirement plans( )taxes( )all preceding subjects3

GRANT OF SPECIFIC AUTHORITY (OPTIONAL)My agent MAY NOT do any of the following specific acts for me UNLESS I haveINITIALED the specific authority listed below:(CAUTION. Granting any of the following will give your agent the authority to takeactions that could significantly reduce your property or change how your property isdistributed at your death. INITIAL ONLY the specific authority you WANT to give youragent.)( )Create, amend, revoke or terminate an inter vivos trust( )Make a gift, subject to the limitation of Section 217 of the Uniform Power ofAttorney Act and any special instructions in this power of attorney( )Create or change rights of survivorship( )Create or change a beneficiary designation( )Authorize another person to exercise the authority granted under thispower of attorney( )Waive the principal’s right to be a beneficiary of a joint and surviving annuity,including a survivor benefit under a retirement plan( )Exercise fiduciary powers that the principal has authority to delegate( )Disclaim or refuse an interest in property, including a power of appointmentLIMITATION ON AGENT’S AUTHORITYAn agent that is not my ancestor, spouse or descendant MAY NOT use myproperty to benefit the agent or a person to whom the agent owes an obligation ofsupport unless I have included that authority in the Special Instructions.4

SPECIAL INSTRUCTIONS:You may give special instructions on the following lines:EFFECTIVE DATEThis power of attorney is effective immediately unless I have stated otherwise inthe Special Instructions.NOMINATION OF CONSERVATOR OR GUARDIAN (OPTIONAL)If it becomes necessary for a court to appoint a conservator or guardian of myperson, I nominate the following person(s) for appointment:Name of Nominee for conservator of my estate:Nominee’s address:Nominee’s telephone number:Name of Nominee for guardian of my person:Nominee’s address:Nominee’s telephone number:RELIANCE ON THIS POWER OF ATTORNEYAny person, including my agent, my relay upon the validity of this power ofattorney or a copy of it unless that person knows it has terminated or is invalid.SIGNATURE AND ACKNOWLEDGMENTYour signature:Date:Your name printed:Your address:Your telephone number:5

State ofCounty ofThis instrument was acknowledge before me on(date) by (Name of principal)(Seal) if anySignature of notary:My commission expires:6

Important Information for AgentAgent’s DutiesWhen you accept the authority granted under this power ofattorney, a special legal relationship is created between you andthe principal. This relationship imposes upon you legal duties thatcontinue until you resign or the power of attorney is terminated orrevoked. You must:1. do what you know the principal reasonably expects youto do with the principal’s property or, if you do not know theprincipal’s expectations, act in the principal’s best interest;2.act in good faith;3. do nothing beyond the authority granted in this power ofattorney; and4. disclose your identify as an agent whenever you act forthe principal by writing or printing the name of the principal andsigning your own name as “agent” in the following manner:by asAgent(Principal’s Name) (Your signature)Unless the Special Instructions in this power of attorneystate otherwise, you must also:1.act loyally for the principal’s benefit;2. avoid conflicts that would impair your ability to act in theprincipal’s best interest;7

3.act with care, competence and diligence;4. keep a record of all receipts, disbursements andtransaction made on behalf of the principal;5. cooperate with any person that has authority to makehealth care decisions for the principal to do what you know theprincipal reasonably expects or, if you do not know the principal’sexpectations, to act in the principal’s best interest, and6. attempt to preserve the principal’s estate plan if youknow the plan and preserving the plan would be consistent withthe principal’s best interest.Termination of Agent’s AuthorityYou must stop acting on behalf of the principal if you learn ofany event that terminated this power of attorney or your authorityunder this power of attorney. Events that terminate a power ofattorney or your authority to act under a power of attorney include:1.death of the principal;2. the principal’s revocation of the power of attorney oryour authority;3. the occurrence of a termination event stated in thepower of attorney;4. the purpose of the power of attorney is fullyaccomplished; or5. if you are married to the principal, a legal action is filedwith a court to end your marriage, or for your legal separation,8

unless the Special Instructions in this power of attorney statedthat such an action will not terminate your authority.Liability of AgentThe meaning of the authority granted to you is defined in theUniform Power of Attorney Act. If you violate the Uniform Powerof Attorney Act or act outside the authority granted, you may beliable for any damages caused by your violation.If there is anything about this document or your duties thatyou do not understand, you should seek legal advice.9

AGENT’S CERTIFICATION AS TO THE VALIDITY OFPOWER OF ATTORNEY AND AGENT’S AUTHORITYState of New MexicoCounty ofI, (Name of Agent), certify under penalty ofperjury that (Name of Principal) granted meauthority as an agent or successor agent in a power of attorney dated.I further certify that to my knowledge:(1)the Principal is alive and has not revoked the Power of Attorney or myauthority to act under the Power of Attorney and the Power of Attorney have notterminated;(2)if the Power of Attorney was drafted to become effective upon thehappening of an event or contingency, the event or contingency has occurred;(3)if I was named as a successor agent, the prior agent is not longer able orwilling to serve; and(4)(Insert other relevant statements)10

ACKNOWLEDGEMENTNOTICE: IF THIS POWER OF ATTORNEY AFFECTS REAL ESTATE, IT MUST BERECORDED IN THE OFFICE OF THE COUNTY CLERK IN EACH COUNTY WHERETHE REAL ESTATE IS LOCATED.STATE OF NEW MEXICOCOUNTY OF DOÑA ANA)) ss.)The foregoing instrument was acknowledged before me on ,by .(seal)Notary PublicMy commission expires:11

BY ACCEPTING OR ACTING UNDER THE POWER OFATTORNEY, YOUR AGENT ASSUMES THE FIDUCIARYAND OTHER LEGAL RESPONSIBILITIES OF ANAGENT ACTING ON YOUR BEHALF ANDTHIS AFFIDAVIT IS FOR THE USE OF YOURATTORNEY(S)-IN FACT IF EVERYOUR ATTORNEY(S)-IN-FACT ACTS ON YOUR BEHALFUNDER YOUR WRITTEN POWER OF ATTORNEY.AFFIDAVIT AS TO POWER OF ATTORNEY BEING IN FULL FORCESTATE OF NEW MEXICOCOUNTY OF)) ss.)I, being duly sworn, state:1.("Principal")ofCounty, New Mexico, signed a writtenPower of Attorney on, appointing the undersigned as his/her attorney(s)-in-fact. (Atrue copy of the power of attorney is attached hereto and incorporated herein.)2. As attorney(s)-in-fact and under and by virtue of the Power of Attorney, I/wehave this date executed the following described instrument:.3. At the time of executing the above described instrument I/we had no actualknowledge or actual notice of revocation or termination of the Power of Attorney bydeath or otherwise, or notice of any facts indicating the same.4. I represent that the principal is now alive; has not, at any time, revoked orrepudiated the power of attorney; and the power of attorney still is in full force andeffect.5. I/we make this affidavit for the purpose of inducingto accept delivery of the above described instrument, as executed by me/us in my/ourcapacity of attorney(s)-in-fact for the Principal., Attorney-in-fact12

Sworn to before me this dayof .Notary PublicMy commission expires:.B. A statutory power of attorney is legally sufficient under the Uniform Statutory FormPower of Attorney Act, if the wording of the form complies substantially with SubsectionA of this section, the form is properly completed, and the signature of the principal isacknowledged in any form permitted by law.C. If the line in front of line 17 of the form under Subsection A of this section isinitialed, an initial on the line in front of any other power does not limit the powersgranted by line 17.D. By accepting or acting under a power of attorney, statutory or otherwise, anattorney-in-fact assumes fiduciary and other legal responsibilities of an agent acting forthe principal.13

B. A statutory power of attorney is legally sufficient under the Uniform Statutory Form Power of Attorney Act, if the wording of the form complies substantially with Subsection A of this section, the form is properly completed, and the signature of the principal is acknowledged in any form permitted by law. C.

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