What is a notice of revocation of power of attorney?


Quick Answer

A notice of revocation of power of attorney is a document that allows someone to revoke a power of attorney formerly granted, Rocket Lawyer says. There are many reasons to revoke a power of attorney, including drafting a new one or if there is no longer a need for a power of attorney.

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Full Answer

A power of attorney is a form that allows the person appointed to perform a number of transactions on behalf of another person, Law Depot says. If that person no longer wants another individual acting on his behalf, he must formerly revoke the power of attorney. A power of attorney can be revoked at any time, and copies of the revocation should be provided to certain entities, such as banks, to ensure the appointed individual is no longer conducting business. The person revoking the power-of-attorney should also retain a copy so that there is no question as to what his intentions are.

The person who is revoking the power-of-attorney does not have to provide a reason for the revocation, Law Depot says. An ordinary power of attorney is revoked automatically if the person who made the power-of-attorney is determined to be incompetent. A durable power of attorney can only be revoked by the mentally competent person who made it.

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