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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.
The principal's family members or loved ones petition the court to revoke the power of attorney's duties. The principal can revoke the power of attorney's responsibilities by completing a revocation form. The principal's court-appointed guardian can request the power of attorney privileges be revoked by the court.
Use form FTB 3520-RVK to revoke an entire POA Declaration prior to expiration, which is generally six years from the date the POA Declaration is signed. Mail form FTB 3520-RVK. Paper submissions result in longer processing time frames.
Is It Possible to Revoke the Power of Attorney? In California, you can revoke power of attorney for any reason, so long as you are deemed of sound mind. However, it is vital to note that you must have a notary present to witness the process so they can legally notarize the document.
Changing a power of attorney involves notifying the person who presently has power of attorney, making a written record of the modification, including all necessary wording, notarizing and, if required, recording the document, and notifying all parties involved.