
Revocation of Power of Attorney Forms
A power of attorney revocation is a legal document that nullifies and cancels a previously granted power of attorney. Once the principal signs the revocation, the original power of attorney is immediately ended. It's important to notify all agents and relevant parties of the cancellation.
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How to Revoke Power of Attorney and Why?
1. Fill Out a Revocation Form
Obtain the form in PDF, Microsoft Word, or Open Document Text format. It’s useful to have the original power of attorney document on hand to ensure accurate dates and agent details on the revocation form.
2. Signing Process
Complete and sign the form in the same manner as the original document (e.g., with witness(es), notary public, etc.).
3. Deliver the Revocation
It's advisable to send a copy of the revocation to the agents via certified mail. This provides proof to the principal that the agents have received it. If the agents continue to act for the principal after being notified of the revocation, it is considered a criminal offense.
Reasons for Revoking a Power of Attorney
A power of attorney grants significant control over one’s finances, which may need to be revoked for various reasons, such as:
- The agent no longer wishes to hold the power of attorney.
- The principal feels the agent is not fulfilling their duties properly.
- The power of attorney is no longer needed.
- The principal wants to appoint a different agent.
- The purpose has been achieved.
However, a specific reason is not necessary for the revocation to take effect.