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A Revocation of Power of Attorney must plainly state your desire to revoke a previous POA and include: The principal's name. The attorney-in-fact's name. The date the Power of Attorney took effect. The date the Power of Attorney is revoked. A notary public seal of certification (only required in certain states)
Steps for Making a Financial Power of Attorney in Idaho Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office.
An Idaho durable statutory power of attorney is a type of legal document where one person (the ?principal?) grants financial authority to another person (the ?agent?), such as a close relative or friend. The financial powers granted through a power of attorney can be as broad or as limited as the principal desires.
This revocation of a power of attorney must be signed by you in front of a notary. Once your revocation is signed and notarized, you must make sure that you give a copy of it to everyone and anyone who may have a copy of the prior power of attorney that is now revoked.
The power of attorney does not need to be notarized or recorded to be valid. However, if the power is recorded, any revocation of the power by a writing must also be recorded before the revocation is effective.
(1) A power of attorney terminates when: (a) The principal dies; (b) The principal becomes incapacitated, if the power of attorney is not durable; (c) The principal revokes the power of attorney; (d) The power of attorney provides it terminates; (e) The purpose of the power of attorney is accomplished; or (f) The ...
Important Information This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent can make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.