Revocation of Power of Attorney – What is its significance?

The Revocation of Power of Attorney is a document that takes away or removes the authority of a power of attorney that you, the principal have given to your agent. The agent is the person whom you had appointed as your power of attorney.

Revocation of Power of Attorney – Is it possible?

You have the full rights to revoke the power of attorney if you think that the agent or agents that you have chosen are not good enough to handle all the affairs. However, it is important to note that you must be of sound mind; only then you can do it.

Revocation of Power of Attorney – What you need to fill out

You must fill out a few details in the Revocation of Attorney Form. These details are as follows.

1. The name of the principal that is you, who had appointed the power of attorney.

2. The name of the agent or the attorney that is the person or people whom you had appointed to be your power of attorney.

3. The date on which both the parties involved, had signed the document.

4. The signatures of both the principal and the agent.

5. Signatures must be witnessed by a Notary Public.

These details must be provided by you in the form. After you have filled out the form, you must get it distributed. It must be sent to the agent whom you had appointed and also to banks or hospitals that had prior information about your power of attorney.

You can take the help of an attorney in case you are not very confident about how to fill out the form. It is better to take the help of an attorney rather than making mistakes in the form.

After you have revoked this power of attorney, you can either execute a new power of attorney that states who your new agent will be or you can handle your affairs, all by yourself.

Revocation of Power of Attorney – Why do you need it?

If you have created a power of attorney, then you must have appointed an agent. In case you are not satisfied with the agent whom you have appointed, you may want to change your agent. This is when you can revoke or take away the powers of the agent. Thus, revocation of power of attorney is essential in order to ensure that your property is in the right hands.