Revocation of Financial Power of Attorney

Last Updated: 8/5/2015

Document Description

Changed your mind on a financial power of attorney? No problem.

This quick, easy and effective Revocation of Durable Financial Power of Attorney will make it as though you had never signed the original power of attorney. It will be nullified, voided and otherwise consigned to the ether.

It's important to note though that if you do intend to revoke a power of attorney, you should have this revocation witnessed before people who can vouch for your competence and mental capacity. If the revocation were to be challenged in court, a common grounds for challenge is that the principal was mentally incapacitated at the time they signed the revocation.

Another tip: be sure to make multiple copies of this revocation, and distribute them to all interested parties. That includes the original agent, the new agent (if you have signed a new financial power of attorney), your money manager, accountant and attorneys (as applicable). If you have health care providers and caregivers, they should be made aware of any changes in who is helping manage your financial affairs.

Durable financial power of attorney forms are useful for assigning authority to others to help with your money matters... but even more important is the ability to change your mind and revoke access later if you so choose.

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