Power of Attorney Revocation Letter
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What is a revocation letter of power of attorney?
A revocation letter of power of attorney is an official communication sent to revoke or terminate the granted power of attorney. This letter is being used to notify third parties and agents that granted powers and authorities under the original power of attorney come to an end. Using a revocation letter is the only legal method to terminate an existing power of attorney.
The present document serves a dual purpose. First, the letter ensures clarity regarding all the necessary terms of revocation. Second, it could serve as legal proof in case of disputes. The letter could be used to revoke various types of power of attorney, including:
- real estate transactions (e.g., sell, gift, purchase, or acquire real estate);
- banking and financial representation (e.g., to sell or purchase stocks, open bank accounts, etc.);
- medical or health representation, etc.
The parties involved in a revocation letter of power of attorney are the principal and the agent. A principal is an individual who issued the power of attorney and now wants to cancel it. Therefore, the sender of this letter could only be a principal. An agent is an individual or group of individuals to whom certain powers and authorities were granted in the power of attorney.
What to include in a revocation letter sample?
Creation of a revocation letter sample is not an easy and simple task. It requires a lot of attention to detail as well as inclusion of all key elements to ensure the document is complete. Below we made a short list of the most essential clauses you need to include in your letter of revocation.
Party Details
Make sure that a sample letter of revocation of power of attorney includes both a sender’s and a recipient’s:
- full name;
- mailing address and contact details;
- date of signing of the original power of attorney.
It is also possible that there could be several agents under the same power of attorney. In such a case the text of this letter must include all their names.
If the original power of attorney is notarized, this letter of revocation should also be notarized to become a valid document.
Statement of Revocation
Another essential element of every sample letter of revocation of power of attorney is the clear statement about the termination of a power of attorney. The termination could be of two different types:
- full termination (i.e., when a power of attorney ceases to exist); or
- partial termination (i.e., when a principal revokes only part of granted power and authorities).
The text of a power of attorney revocation letter must also reflect the date of termination. This could be the same date as the date of sending the letter or any other date in the future.
Conclusive Remarks
If a principal wants to do so, he or she could notify all other third parties to whom the power of attorney in question was submitted. For example, if it is a letter of revocation of power of attorney for property, a principal could notify the local state registrar about the power of attorney’s revocation or a banking institution that saw the document.
Apart from that, the laws that apply to the original power of attorney shall apply to a template of a revocation letter as well. For instance, if this is a letter of revocation of power of attorney California, it means that the original document was issued and signed in the state of California.
Last but not least, the notarization of this letter of revocation of power of attorney template is only necessary when the original power of attorney was notarized.
How to customize a PoA revocation letter at FasterDraft?
To get a fully customized letter template, follow the instructions given below:
- Click the “Create Document” button.
- Answer simple questions in the form.
- Select a template’s format—letter of revocation of power of attorney PDF or Word.
- Make a payment.
- E-sign, download, print, and send this letter.
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