The Revocation of Power of Attorney can reverse the authority given to an attorney-in-fact so that they no longer possess the right to act on the principal’s behalf. Suppose someone has executed a power of attorney and doesn’t need the agent to perform the designated task anymore. In that case, they can simply carry out a revocation to terminate the guidelines of the agreement. Of course, in order to do so, they will also need to meet the expectations of the state-specific endorsement requirements.
When the issuing party no longer requires the powers instated by a POA agreement, termination of the original arrangement can be carried out with a revocation of power of attorney form. After the paperwork is completed and signed, the terms of reversal will go into immediate effect, voiding the primary contract. Once finalized, the document is advised to be distributed to the attorney-in-fact and all associated successor agents to give all parties notice of the agency withdrawal.
There may come a time where the previously granted agreement is no longer of use to the principal. Some examples of scenarios where this may be the case are as follows:
Every state has a unique document designed explicitly for revoking a power of attorney agreement. It is necessary to obtain the specific state form to adhere to each state’s respective regulations accurately. Once the correct contract is ascertained, the PDF or Microsoft Word (.docx) can be downloaded, printed, or launched (via the provided PDF editor) for completion.
Review the paperwork and fill in the blank spaces with the requested information. Most state revocation forms require the following details related to the original power of attorney arrangement:
Additional space is provided to indicate the date that the revocation agreement is to be signed.
When it comes time for the declaring party to sign the form, it is crucial first to revise the corresponding state law regarding the acknowledgment process. Every individual state page refers to the requirements for effective endorsement, listing the legally mandated attestation and/or notarization demands. Examine the state-specific page above by selecting the link for your state to confirm the designated legislative requisites.
After finalizing the previous filing’s cancellation with the revocation paperwork, it is recommended to inform the prior agent of the contract’s reversal. The best way to accomplish delivery is to send a copy or a second executed form to the former attorney-in-fact utilizing certified mail. Announcing fulfillment of the invalidation of the previously instated POA will ascertain confirmation that the annulment information was adequately supplied to the recipient.
The principal should retain the original document to prove the official dissolution POA arrangement if it is ever challenged. Doing so will ensure that if the termination of the primary agreement ever comes into question, it can be successfully rebuked with concrete proof.
