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Here is a discussion on revoking power of attorney.
Revoking power of attorney means that you have cut off links with a
person that you had entrusted with your personal issues such as health
or even financial affairs. You revoke the power for some solid
reasons, which might be related to professionalism, or personal
reasons. You can cancel the services of an attorney any time you want
to do so. The law allows you that. However, you have to follow certain
procedure. You cannot just drop the agent. Here are some simple
guidelines on how to do so:
1. You have to make a lawful document that states this in
writing. You state clearly that you are revoking the powers that you
had bestowed a given person or agent. All important papers are
supposed to be written down and signed by the relevant parties. This
is the best way to file the information in case you might want to look
at in future. You can easily express your interest on papers without
risking some question like in the case of a verbal
communication. Revoking power of attorney cannot be done on phone or
through a conversation.
2. You do not have to set a time frame. You can drop off the
services of the attorney at time you feel you do not them anymore. You
can do it on your own if you are a professional in law. However, if
you are not, you need to get a lawyer to help you write the
document. You have to state the date from which the statement will
take effect and include your full identity as well as that of the
subject attorney. Do not offer the reasons to do so. Revoking power of
attorney is a personal decision. You do not have to explain it
anyone.
3. Get a witness. This is a mandatory requirement of the law. You
should get a witness to sign as well and go for an authorized
stamp. The next step is to hand one copy to the subject. This is the
crucial point on how to revoke power of attorney. Then you are given
the document you had signed initially with the attorney. This marks
the end of the agreement.
4. Keep the document as a proof that you are no longer attached to
the agent. This will save you from misunderstandings with you
associates. However, to be on the safe side, you should send out a
notification that you have revoked powers of attorney in question.
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