Power Of Attorney, Revocation

Power of Attorney, Revocation

A Power of Attorney is the legal power you can give to a representative, usually a family member or a trusted individual. A power of Attorney is usually given to a selected individual in the occurrence of events such as: mental incompetence or absence. When an individual is given a Power of Attorney, they then become your attorney-in-fact or agent and may now make decisions for you. You may be able to give a trusted individual power over your financial matter such as tax paying or banking matters and may even work for Motor Vehicles.

To be able to legally appoint a representative as your attorney-in-fact, you will need to sign and complete a fill-in-the-blank form which is usually a few pages long. In order for this form to manifest you must sign it in front of a notary public or in some states, witnesses.

A Power of Attorney ends when you declare so, you may be able to state a date as to when the Power of Attorney ends. Your Power of Attorney also ends if you revoke it, and you may be able to revoke it for a number of reasons such as: trust issues, wanting to take back full control over a business, wanting to appoint a new person to become an agent, divorce, or you are no longer absent and are fully able to make your own decisions. As long as you are mentally competent for all of the aforementioned situations, the discontinuance of the power of attorney will be granted. Finally, the Power of Attorney naturally ends at your death, which means that the individual you have assigned will no longer have any power over what is stated in the legal documents unless you mention them in your will as an “executor.”

Power of Attorney, Revocation

I, _______________ (“Declarant”), of _____________________________ (Address), through my Power of Attorney dated __________________ (“Power of Attorney”) made and appointed ________________, my true and lawful attorney in fact for the purposes, and with the powers set forth in the document.

I hereby give notice that I have revoked and canceled, and hereby do revoke and cancel, the Power of Attorney, and all powers and authority given, provided or implied therein to in that Power of Attorney.

In witness of this act, I have signed this Notice of Revocation of Power of Attorney on _________ (Date).
_______________________
Revoker of Power of Attorney

On this _____________ (Date), before me, personally appeared known to be the person described in and who executed the foregoing instrument and acknowledged to me that they executed the same as their free act and deed.

__________________
Notary Public
Commission Expires on:

Power of Attorney, Revocation
Review List

This review list is provided to inform you about this document in question and assist you in its preparation. If in doubt, always revoke a Power of Attorney granted to another person. You can always reinstate a new Power of Attorney with that person or another as circumstances dictate.

1. Sign this Revocation of Power of Attorney in front of a notary to insure its holding up in Court should it be challenged at a later date. This is not absolutely required but it is strongly recommended. Courts tend to be partial to notarized documents.

2. Practically, your best bet after this Revocation is to recover and destroy all copies of the prior Power of Attorney then outstanding.

3. Send notice of the Revocation to anyone who had a copy of the original Power of Attorney, or any related party whom that person might have dealt with such as a bank, trust, or other fiduciary. Keep copies of this mailing list.

4. Keep a copy of the document in your home safe and another in accessible home files. If you have an attorney, be sure they have a copy as well.

 

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