This form is a durable power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. If the agent fails to comply with principal's instructions, the agent then may be liable for criminal charges or civil liability.
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How to fill out Arizona Durable Power Of Attorney?
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FAQ
Dear Ms. Kaplan, I write this letter so all relevant parties will know I resign the power of attorney position I have held with the Kaplan Estates for the last three years. I want to apologize for any inconvenience that this may cause.
Unless the power of attorney provides a different method for an agent's resignation, an agent may resign by giving notice to the principal and, if the principal is incapacitated, to any of the following: (1) To the guardian, if one has been appointed for the principal, and a coagent or successor agent.
Principals may revoke powers of attorney in one of three ways. In writing. Principals can create a written statement revoking the power of attorney, sign it in front of a notary, and provide a copy to anyone who was provided the original POA. Destroying the POA. ... Creating a new POA.
The POA document will specify the steps to resign. If it does not, a good first step is to write a letter tendering your resignation, and send it via certified mail to the person who executed the power of attorney and any co- or successor agents.