This form is used when a Principal declares that all power and authority granted under a Power of Attorney to a specified individual, as Agent and Attorney-in-Fact which was recorded for Principal is revoked, terminated, and withdrawn as of the Effective Date stated on the form.
Indiana Notice of Revocation Power of Attorney for a Recorded Power of Attorney
Category:
State:
Multi-State
Control #:
US-OG-355
Format:
Word;
Rich Text
Instant download
Description
How to fill out Notice Of Revocation Power Of Attorney For A Recorded Power Of Attorney?
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FAQ
A power of attorney is legally binding and valid until the principal passes away. Upon the principal's death, the springing power of attorney is no longer in effect. To terminate a power of attorney in Indiana, you can: Fill out an Indiana power of attorney revocation form.
Indiana law allows a person to grant broad powers to an attorney in fact within a DPOA. Thus, if designed properly, a DPOA can allow for a smooth and immediate transition of the management of your financial and business affairs to the control of your chosen attorney in fact in the event of your disability.
Under Indiana law, a POA can be revoked by the principal by executing a written document that specifically identifies the POA to be revoked and is signed by the principal. The AIF also has to be notified that the POA has been revoked. The most common type of written instrument revoking a POA is a new POA.
Sec. 3. (a) Except as provided in subsection (b), an attorney in fact may act under a power of attorney without recording the power of attorney with the county recorder.
An Indiana power of attorney revocation is used when someone desires to terminate any type of power of attorney they previously executed. In addition to executing a revocation, the principal must alert their agent and any institution that may rely on the POA of the revocation.
The POA expires after five years from the date it was signed. Therefore, your client must renew their POA with DOR every five years.
Sec. 3. (a) Except as provided in subsection (b), an attorney in fact may act under a power of attorney without recording the power of attorney with the county recorder.
