Need to Revoke a POA? Follow These Steps

A Power of Attorney (POA) is a powerful legal document that allows someone you trust to make decisions on your behalf, whether for financial, medical, or other personal matters. However, circumstances can change, and you may decide to revoke a POA for various reasons. Whether you no longer trust the person you named as your agent, your relationship has changed, or your needs have evolved, it’s important to understand the steps required to properly revoke a POA.

Steps to Revoke a Power of Attorney

1. Create a Revocation Document

To formally revoke a POA, you need to draft a written revocation document. This document should clearly state that you are revoking the existing POA, identify the agent and date of the original POA, and specify that it is no longer valid.

2. Notify Your Agent

It’s crucial to inform the agent named in the POA that their authority has been revoked. Providing them with a copy of the revocation document ensures they are aware of the change and prevents potential misuse of the previous POA.

3. Inform Relevant Parties

Once the POA is revoked, notify any institutions or individuals who relied on the document, such as banks, healthcare providers, or financial advisors. Provide them with a copy of the revocation and, if applicable, a copy of any new POA you have created.

4. Destroy Old Copies

Collect and destroy copies of the original POA to prevent confusion. If the original POA was recorded with a county office, you may also need to file the revocation with that office.

5. Consider Drafting a New POA

If you still need a POA but want to name a different agent, consult with an estate planning attorney to draft a new document tailored to your current needs.

Common Mistakes to Avoid

• Failing to Inform the Agent: If your agent isn’t aware of the revocation, they may unknowingly continue to act on your behalf.
• Not Updating Interested Parties: Failing to notify financial institutions or healthcare providers can lead to confusion or unauthorized actions.
• Assuming Verbal Revocation Is Enough: While you may express your intent verbally, revocation must be done in writing to ensure it is legally binding.

Revoking a POA can be straightforward, but it’s important to handle the process carefully to avoid complications. If you’re unsure about the steps or need assistance creating or revoking a POA, the Estate Planning Law Office of Jonathon L. Petty, Inc. is here to help. We’ll ensure your documents are legally sound and reflect your current needs and goals. Call us at 559-374-2223 or complete our online form, and we’ll reach out to schedule an appointment at a time that works for you.