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By filing Form 548 with the Comptroller of Maryland, you will be able to effectively revoke your POA. It is important to note however that a POA can only be revoked if you are mentally competent. If you are incapacitated you cannot revoke a POA.
Executing a Power of Attorney At the time the principal and witnesses sign the power of attorney, the principal and all witnesses must be in the physical presence or electronic presence of one another and a supervising attorney (the supervising attorney may be one of the witnesses); AND.
Section 4-107 - Powers of attorney (a) Every power of attorney executed by any person authorizing an agent or attorney to sell and grant any property shall be executed in the same manner as a deed and recorded: (1) Before the day on which the deed executed pursuant to the power of attorney is recorded; (2) On the same ...
Statutes Text §17?105. (a) In this section, ?durable power of attorney? means a power of attorney by which a principal designates another as an attorney in fact or agent and the authority is exercisable notwithstanding the principal's subsequent disability or incapacity.
On October 1, 2023, a new Maryland law governing statutory powers of attorney (POA) went into effect. This law makes significant changes to the previous law, including expanding the powers that can be granted to an Agent.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
Use the Maryland Power of Attorney Form to give another person the authority to manage your property while you are still alive. In this form, you are the principal and the person you give authority to is called the agent. The agent can do anything with your property that is stated in the power of attorney.