This is a Revocation of the General, Durable Power of Attorney provided for in Forms AL-P003 and AL-P003A, which allow you to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. Specific reference is made to the previously executed power of attorney and the date of its execution.
Alabama Power Of Attorney Form Withdrawal
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How to fill out Alabama Revocation Of General Durable Power Of Attorney?
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FAQ
Verbal revocation: As long as you are of sound mind, you can revoke someone's POA privileges simply by telling them out loud and in front of witnesses that you no longer wish for them to retain power of attorney privileges over your property and/or affairs. It's that simple.
There are three ways to revoke a power of attorney: by preparing a written revocation letter; by destroying all existing copies of your power of attorney; and by creating a new power of attorney document that supersedes the old one.
Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.
Section 202 of the Act states that if the agent in a principal-agent relationship has an interest in the agency then, the power of attorney cannot be revoked without the consent of the agent.
You can revoke a power of attorney by executing a written revocation signed and dated by yourself or another at your direction, or obliterating, burning, tearing, or otherwise destroying or defacing the document in a way indicating your intention to cancel the document.
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The revocation should include your name, a statement that you are of sound mind, and your wish to revoke the power of attorney. It's important to go over and complete the document with the agent.ALABAMA: All Powers of Attorney must be notarized. Plan for your future today. Learn the specific estate planning documents you need to protect yourself and your loved ones. All other sections of this form (except Sections 3 and 6) must also be completed.
