Why a Power of Attorney Is Essential in Estate Planning
A power of attorney is one of the most important estate planning documents you can have. It allows you to name someone you trust to act on your beh...
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Harner Legal Forms provides self-help legal forms and general information, not legal advice.
Harner Legal Forms
The Harner Legal Forms Financial Power of Attorney Revocation is an attorney-prepared, downloadable legal form for a principal who wants to formally revoke a prior Financial Power of Attorney.
This form creates a written record that the authority granted under the prior Financial Power of Attorney is being revoked. It provides space to identify the principal, the prior Power of Attorney, the agent whose authority is being terminated, and the date of revocation. The form is designed to help make the revocation clear and to support written notice to the people and institutions that may have relied on the prior document.
After a Financial Power of Attorney is revoked, banks, brokerage firms, financial institutions, advisors, agents, co-agents, and other recipients may need written notice before they stop relying on the earlier authority. This form can be used as part of that notification process and helps create a record that the principal took steps to communicate the revocation.
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Revocation and notice requirements vary by state and may also depend on the terms of the original Power of Attorney. Review the included instructions before signing, and provide notice to appropriate agents, institutions, and other parties that may rely on the prior document.