Revoking power of attorney
How difficult is it to revoke a durable power of attorney in the state of Indiana and what are the beginning steps one should take?
Revoking power of attorney
How difficult is it to revoke a durable power of attorney in the state of Indiana and what are the beginning steps one should take?
Re: Revoking power of attorney
Just do it. A “durable” power of attorney can be revoked at any time by the grantor, the person who made it. Be sure to notify your bank and other third parties who have been dealing with the agent attorney in fact, so they know not to honor that person’s former authority. Make the revocation in writing – “I hereby revoke the power of attorney given to **** on the __ day of ___, 2002” and pass it around to the attorney in fact, banks, brokerage firms, etc. Fax the message so you have a record that it has been sent and follow up with phone calls. There are rare exceptions to the revocability of a power of attorney, but if these apply you need to see a lawyer real bad.
C. David DuMond
Law Offices of David DuMond
2478 South Delaware Street
Indianapolis, IN 46225-2002