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When you need to complete the Virginia Power Of Attorney Revocation Form that adheres to your local state's regulations, there can be numerous options to choose from.
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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.
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.
After Signing If you are competent and wish to revoke a power of attorney, you will need to send a signed notarized letter revoking the power of attorney to every place your agent used the power of attorney, as well as every place the agent might use the power of attorney.
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.
In most instances, as long as the principal is mentally competent, a Power of Attorney can be revoked at any time, even if there is a different specified termination date in the document.