
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Power of attorney (POA) is a valid and legal document and once signed, the person appointed power of attorney has the legal right to make financial, medical or legal decisions on your behalf. Following just a few steps could help you keep these documents up to date with your needs.
Yes. You have the option of changing your power of attorney to specify new terms or canceling it altogether.
Even after a power of attorney is created, your circumstances may change and you may not need a power of attorney any longer. You can also alter the terms of the power of attorney or appoint a new attorney if you wish.
However, if you’re mentally unfit or incompetent, then you won’t be able to cancel your power of attorney. But, if the courts determine that your attorney isn’t acting in your best interest, then they have the authority to cancel any powers of attorney.
Only the person who appointed the power of attorney or a court can revoke their status. It’s also important to note that a person currently acting as a power of attorney cannot transfer their authority to someone else.
Say your parent is no longer mentally sound and you want to help them get a new power of attorney. If the agent is no longer acting in the best interests of their client, you can take them to court to challenge their authority. If the court agrees, a power of attorney can be revoked, and a new guardian can be appointed.
Talk to your lawyer for help specific to your situation.
To change some of the details in your power of attorney or appoint new attorneys, you’ll have to cancel the existing documents and fill out new forms for a new power of attorney.
You may want to change or cancel a power of attorney for several reasons, including:
If you’re just now considering creating a power of attorney, you’ll need to specify various things such as:
Once you have filled out the power of attorney form, you should review it with your lawyer and then have it notarized to make it effective.
No matter the reason for your desired changes, you can update your power of attorney by following a few steps — and it starts with completing the required legal paperwork.
If you want to secure your family’s financial future, compare life insurance companies and policies.
Invest in your retirement while enjoying tax breaks and peace of mind.
7 tips for starting a portfolio if you’re new to investing.
We’ll help you choose the right power bank for your devices. Learn how to compare power bank capacity, ports and other features.
Eager to get your hands on CES tech? Here are six companies that introduced groundbreaking tech at CES 2021 — and how you can buy in.
You only have until May 31, 2021 to get your next application in.
Understanding your electricity bill can help you identify usage trends and lower your monthly cost. Plus, 4 tips to save money on electric.
Ways to protect your assets and what you need to know about marital debt.
Why companies repurchase shares and who stands to benefit from the transaction.
Look to local resources to avoid shuttering your business this winter.
It’s possible to consciously uncouple without the hefty attorney fees, but it takes some preparation on your part.
My mother is 91 and Lives in BC. My sisters are planning to take her to change her power of attorney. Taking it away from my other sister and from me. Can we legally prevent this?
Hi Betty,
Thanks for getting in touch! Changing a power of attorney document is legal for as long as the person in the document agrees to it. If you deem there is a need to put a halt on this event, it would be best to speak amicably with your family and seek advice from a legal adviser if needed.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki
I have a financial power of attorney. What if they won’t sign the cancellation of it?
Hi T,
Thank you for reaching out to us.
To cancel the Power of Attorney, you should make a notice of cancellation informing your attorney/s of the revocation and the reason for it. As long as you are aware of the action that you will take, your attorneys should not deny the cancellation. You should destroy all documents as well as the copies with your attorneys that is pertaining to the Power of Attorney so they cannot use it in the future after the cancellation.
I hope this helps.
Please do not hesitate to reach out again to us if you have additional questions.
Cheers,
Ash
My 94 years old Father wants to change his Power of Attorney on his will. does he need to see his Lawyer or can paperwork be drawn up and notarized ?
Hello Liz,
Thank you for reaching out to us.
Your Father still needs to see his Lawyer and advise him of the changes in his Power of Attorney, it is to avoid any complications in the future.
I hope this helps.
Please do not hesitate to reach out again to us if you have additional questions that you need assistance with.
Cheers,
Ash
Hi, we are 5 bothers, but can I alone revok the power of attorney ?
Hi Smitha,
Thank you for leaving a question.
Depending on what is stated in the power of attorney, you may be able to revoke it on your own. You may need to revisit it to check if you can do it on your own or need the joint approval from your brothers to have the power of attorney revoked. Hope this helps!
Cheers,
Reggie
If the Durable Power of Attorney Agent has deceased, how can another Agent be appointed?
Hi KJ,
Thanks for getting in touch with finder. I hope all is well with you. :)
To appoint another agent, you can simply cancel your existing POA and then create another one. Please refer to the steps mentioned above to know how to do this.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
When filling out a Revocation of Power document what do you do if the original Power of Attorney document is not available.We are specifically looking for the original date that Power of Attorney was granted on the document which is not readily available.Is it even necessary?
Hi Kendacie,
Thanks for getting in touch with finder. I hope all is well for you. :)
Generally, you fill out a revocation of power document with the original power of attorney for verification. However, in cases the original document is missing, you may need additional legal paperwork to complete your transaction.
It is recommended that you discuss this with your attorney to know exactly what to do. You would still need to ask for professional legal advice since we can only provide general information.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua