Through a Power of Attorney, you can grant someone the privilege to make the decisions you would usually make yourself. If the power of attorney no longer serves your needs or if you want to terminate an agent, you can make the necessary changes.
Steps to regain control of your life
Times change, and so might your need for a power of attorney. Recovering from a medical condition or facing the aftermath of a dishonest agent are some pivotal moments that call for a revocation.
If you are competent or mentally sound, you can handle the revocation yourself. Here’s how.
- Obtain and complete a Revocation of Power of Attorney Form for Virginia.
- Sign the form in the presence of a notary.
- Distribute copies of the signed and notarized letter to all parties involved, including your agent and anywhere they may have used or can use the power of attorney.
Taking measures to notify those you conduct your affairs with can help prevent future misunderstandings and legal headaches.
Legally, your agent must always act in your best interests. If you are incapacitated while your agent abuses their authority, someone concerned for your well-being can bring a case to court. Additionally, the court may designate a conservator or guardian and revoke your power of attorney.
Power of attorney arrangements rely on trust
Although you can designate the powers your agent will have, trust is essential as you are giving this person free rein over your life. It’s important to delegate this role to someone you know has your best interests at heart.
Many times, this responsibility is assigned to a family member. However, this can make revocation a challenge when circumstances change.
If you need to revoke a power of attorney or are uncertain about how to choose a new agent, consider speaking to an experienced lawyer. They can provide valuable insights and advice to help you make informed decisions.
