Overview

A power of attorney is a document that allows you to legally authorize another person, known as your agent, to act on your behalf and in your name. You can give your agent authority to do virtually anything including dealing with your legal, property and financial affairs.

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 have severe legal and financial consequences for you and your family. Where you appoint someone to act as your agent, there will always be a risk that your agent will:-

• act fraudulently on your behalf – for example in the payment of creditors or the settlement of debts;
• abuse his power by embezzling funds from your estate;
• act negligently in the carrying out his duties thereby causing you financial loss;
• entering into a contract the terms of which adversely affect you; and
• ... much more

 
This is why you need to be in a position to revoke an agent’s authority to act on your behalf under a power of attorney 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 or reputation may already be in grave danger. You must prepare in advance.

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 the time to act is now – if you wait until something happens, then you may have simply waited too long! You can quickly and easily revoke your power of attorney now in a matter of minutes with this Notice of Revocation of a Power of Attorney Kit. The kit, which has been prepared by lawyers, takes you step-by-step through the process of creating a notice of revocation of a power of attorney. Act now, before it’s too late!

Forms

The following forms are included with this kit:-

• Notice of Revocation of a Power of Attorney