2 Ways to Revoke a Durable Power of Attorney
By Solid Serenity Legal Solutions
We often get questions regarding Durable Powers of Attorney and Guardianships. Sometimes people don’t know the difference. Often, people don’t know what they truly need.
An adult can sign a Durable Power of Attorney to allow the adult to choose one or more people they trust to act on their behalf. You can choose people to make medical or financial decisions for you through the Durable Power of Attorney.
When you make a Durable Power of Attorney, you can decide whether to give your loved ones the authority to act on your behalf immediately, or only when you are determined to be unable to make decisions for yourself. You can give your loved ones as much, or as little, authority to act for you as you’d like.
On the other hand, a Guardianship is a court proceeding. In a Guardianship, a person asks a Court to decide if the person they are seeking Guardianship over is able to make decisions for themself. Under a Guardianship, the Guardian makes annual reports to the Court and asks permission from the Court to sell property and make other big decisions.
A Durable Power of Attorney is often preferred to a Guardianship. The person acting under a Durable Power of Attorney has much more flexibility than a Guardian. There is also little to no court intervention. And, you keep the ability to act for yourself and revoke the Durable Power of Attorney at any time.
If you have a Durable Power of Attorney you’re looking to revoke, here are 2 ways to revoke a Durable Power of Attorney.
(1) Sign a Written Revocation
If you want to revoke a Durable Power of Attorney, you can sign a revocation. A revocation has to be in writing. It must identify the Durable Power of Attorney being revoked. You must also send notice of the revocation to the person who had the authority to act for you.
To get a revocation made for your Durable Power of Attorney, book online with our attorneys.
(2) Create a New Durable Power of Attorney
The easiest way to revoke a Durable Power of Attorney is to create a new one that revokes the previous one. Creating a new Durable Power of Attorney allows you to choose a new agent to act for you when you need it. That way, you are still covered.
Every adult needs a Durable Power of Attorney. You can determine who can make medical and/or financial decisions for you when you can’t. We never now what may happen to us any given day. With a Durable Power of Attorney, you save your family the time, money, and hassle of going to Court.
Book online to get your Durable Power of Attorney in place.