When revoking Power of Attorney, you are withdrawing the powers to make financial and/or health care decisions for you that you previously granted to another person. It is a legal document, in writing, stating that you now are revoking those powers, which you earlier gave to your appointed Agent. You have the right to revoke Power of Attorney with the process being fairly simple.
Get the document in writing. Any important documents should be in writing, including Revocation of Power of Attorney. A written document helps to protect you and your interests. It also ensures that there is no question about your intentions.
Feel free to revoke your Power of Attorney at any time for any reason. If you are legally competent then you are able to make decisions for yourself, including revoking a Power of Attorney made previously. Although the document will require some basic information such as your name and address and that of your agent, as well as the date on which you are revoking the POA, you need not include your reasons.
Take the updated document and have it witnessed and notarised. Once the written document has been signed and embossed with a notary seal, give a copy to the person who previously had been designated as your Agent. Ask that person to return to you any copies that he or she still may have of your original Power of Attorney.
Show a copy of the Revocation of Power of Attorney to any financial institution or other third parties who might have used the Power of Attorney that you revoked. In addition, a copy of your Revocation of Power of Attorney should be provided to any government agency with which you might have recorded your earlier Power of Attorney.
Some common reasons for revoking a Power of Attorney include: the purpose of the POA has been fulfilled and you no longer need an agent to act on your behalf; the POA no longer is necessary; you have selected another person to act as your Attorney-in-fact; it no longer is practical for an Agent, who may now live a distance away to act on your behalf; or you may no longer trust the person(s) to whom you previously appointed Power of Attorney.
The person who made a Power of Attorney can revoke it only while he or she is mentally competent.