What Is A Power of Attorney? |
A Power of Attorney is a document that allows a person to designate another person who will have the authority to act on his/her behalf. While a power of attorney is a very useful device, if legal authority to act on your behalf is given to the wrong person, it could spell financial ruin for you and your family.
If you grant a power of attorney to person there will always be a risk of:-
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a person acting fraudulently on your behalf – for example in the payment of creditors or the settlement of debts;
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a person abusing his power by embezzle funds and/or from your estate;
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a person negligently carrying out his duties as attorney and causing you financial loss;
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a person entering into a contract whose terms adversely affect you; and
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... much more |
This is why you need to be in a position to terminate a person’s authority to act on your behalf at the first sign of trouble. There is no point wondering what you should do when you get notice of a problem – by the time you prepare and organize a notice of revocation of that power of attorney, it may well be too late and your assets may already be in grave danger.
You Must Be In A Position To Revoke A Power Of Attorney At A Moments Notice! |
The authorization in any Power of Attorney can be terminated by the giving of appropriate notice to the agent and third parties who would seek to rely on the authorization under the Power of Attorney. This form of notice is commonly called a “Notice of Revocation of a Power of Attorney”.
If you previously signed a Power of Attorney, whether general, special, durable or otherwise, this form may be used to revoke the authority granted in the Power of Attorney.
Remember, if you want to protect yourself and ensure that you have a say in who manages your affairs and who doesn’t , then the time to act is now – if you wait until something happens, then you’ve simply waited too long! You can quickly and easily revoke your Power of Attorney now in a matter of minutes. Your only click away...
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