A Power of Attorney (POA) is a legal document that grants someone else the authority to act on your behalf in financial, legal, or other matters. While granting a POA can be useful, circumstances may arise where you need to revoke it. Whether your situation has changed, or you no longer trust the person you appointed, knowing how to revoke a POA is essential. This guide aims to provide clarity on the revocation process in Maryland, outlining the necessary steps to take to revoke a power of attorney effectively.
Step 1: Review the POA Document
Start by locating your original Power of Attorney document. Review it carefully to understand the terms and conditions under which the POA was granted. Pay attention to any specific instructions or requirements for revocation.
Step 2: Confirm Legal Capacity
Ensure that you, as the principal, have the legal capacity to revoke the power of attorney. You must be of sound mind and competent to make this decision. If there are any doubts about your capacity, seek advice from a legal professional.
Step 3: Draft a Revocation of Power of Attorney Document
In most cases, you’ll need to create a formal revocation document to revoke the Power of Attorney. If
you have any concerns or questions about drafting and revoking a Power of Attorney, consider seeking legal advice. An attorney at Jacobson Family Law can provide guidance tailored to your specific circumstances and ensure that the revocation process is completed correctly.
Step 4: Deliver the Revocation Document
Deliver the revocation document to the person you originally appointed as your attorney-in-fact. Depending on the circumstances, you may choose to deliver it in person, via registered mail, or through another method that provides proof of delivery.
Step 5: Update Records
After revoking the Power of Attorney, it’s essential to update any relevant records or documents to reflect the change. This may include informing financial institutions, legal advisors, healthcare providers, and any other parties who were previously informed of the POA.
Revoking a Power of Attorney is a straightforward process, but it’s essential to follow the appropriate steps to ensure that it is done legally and effectively. By reviewing your POA document, creating a formal revocation document, and notifying all relevant parties, you can revoke a Power of Attorney with confidence and regain control over your affairs. Schedule your consultation with one of our Maryland estate planning attorneys today at 443-741-1147 or schedule a consultation online.
