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Nm Uniform Power of Attorney Act Verbiage

Nm Uniform Power of Attorney Act Verbiage

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[Music] welcome to the probate nation my name is richard ruddy and i'm the host of the show as a senior ages they often need assistance to handle their financial affairs this assistance can be provided in essentially three ways informal assistance which work so long as the senior is able to make decisions write checks travel within a bank personally do what needs to be done and the like there's formal assistance that can be provided by executing a durable financial power of attorney thereby giving someone the authority to handle your financial affairs and finally there is a very formal assistance this is provided by having someone appointed by the court to be the conservator of your assets a conservatorship is costly to establish and there are ongoing annual costs and court oversight but that court oversight coupled with the surety bond required of all conservators provides great protection against conservatives who might act improperly a durable financial power of atto

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