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A PoA can be revoked as long as the principal is mentally sound, and it gets cancelled automatically if the principal passes away. The principal must inform the agent in writing about the revocation, sign the document in the presence of a notary public, and deliver it to the agent.
A general power of attorney is normally valid till the principal's life. However, if required and specified, the general power of attorney can be executed with a duration of validity. The duration can be either one year or so.
If you've lost your power of attorney papers, you can revoke the old document and register a new one. Keep reading to learn how to protect your power of attorney instructions against anyone who might contest them or doubt your mental competency to carry out the revocation.
Learn How to Fill the Power of Attorney Form General - YouTube YouTube Start of suggested clip End of suggested clip You must first designate the individual who will act as your agent. Under the power of attorney. TheMoreYou must first designate the individual who will act as your agent. Under the power of attorney. The individual you choose should be someone you trust.
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.