When planning your estate, you will likely grant authority to many people. From naming an executor of your estate to deciding who will serve as your trustee, you place a lot of confidence in those around you. However, if you’ve also granted someone power of attorney, you may want to rescind this decision. If you have decided you want to revoke power of attorney after you’ve authorized someone, you’ll need the assistance of a Woodland Hills power of attorney lawyer to help you navigate the process. Keep reading to learn more about how this works.
What Is Power of Attorney?
Power of attorney (POA) is a legal agreement that authorizes another party to make decisions on your behalf. Generally, this concerns financial decisions, like paying bills or filing tax returns, or medical choices, such as what care a person should receive if they become unable to make the decision themselves.
There are different kinds of power of attorney you can grant someone, from limited or durable to general and military. Looking into your options is essential before granting power to someone.
Why Might Someone Want to Revoke This?
There are several reasons the person who grants power of attorney, known as the principal, may want to revoke or amend their decision later on. One of the most common reasons is that they no longer get along with or trust the person they have named. Whether they have wronged the principal personally or abused their authority as power of attorney to mishandle or steal funds, this can be grounds for the revocation of this control.
However, there are other, less scandalous reasons someone may want to adjust who they have authorized. For example, someone with power of attorney may become incapacitated or medically unable to serve. Similarly, if the person with power of authority passes away, you must adjust the document to name another person if you wish to do so.
Is It Possible to Revoke the Power of Attorney?
In California, you can revoke power of attorney for any reason, so long as you are deemed of sound mind. However, it is vital to note that you must have a notary present to witness the process so they can legally notarize the document.
No matter what reason you want to revoke someone’s authority as your agent, ensuring you contact an attorney as soon as possible to help guide you through the process is vital. Though the process is relatively simple, having the presence of an attorney to guide you through the process is essential to guarantee everything is completed legally.
When you have questions about your power of attorney, the Law Offices of Yacoba Ann Feldman can help ensure your affairs are in order. Contact us today to learn more about how we can help you navigate this process.