With a Power of Attorney you can appoint someone to manage your monetary and legal affairs if you need to become incapacitated and unable to take care of your own affairs. If you do not have a Power of Attorney, nobody can legally do this for you without very first going to court and being designated as Guardian or the conservator of your estate.
There is no doubt that having a Power of Attorney is very important, however what happens if you have called somebody as your Power of Attorney and you change your mind and choose that you would prefer someone else handle this responsibility? If you do happen to change your mind about who ought to be your Power of Attorney, this is not an issue. No matter whom you have named as your Power of Attorney, their authority does not stop you from revoking that Power of Attorney, as long as you are still capable of making your own choices and interacting those decisions.
There are a variety of reasons why someone may change their mind about the person that ought to have Power of Attorney. Expect you called somebody to this position and later on they develop a gaming problem or start to reveal proof that they are really reckless in the way they handle cash? Although these are good reasons that you may wish to change your Power of Attorney you can also do this for no reason at all. You do not need a factor to withdraw a Power of Attorney; this is your right.
To revoke a Power of Attorney you will require to put the revocation in composing and sign it. Send a copy of this to the individual whom was your Power of Attorney as well as any organizations where that Power of Attorney might be utilized, such as your banks and credit card companies. You will also want to send out a copy of this cancellation to any county where you own realty so that it is on record that the person no longer has the legal authority to act upon your behalf.
When withdrawing a Power of Attorney it is often best to speak with a lawyer that focuses on estate planning and older law.