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to a specified individual, as Agent and Attorney-in-Fact which was recorded for Principal is revoked, terminated, and withdrawn as of the Effective Date stated on the form.
Maryland Notice of Revocation Power of Attorney for a Recorded Power of Attorney
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Multi-State
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US-OG-355
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How to fill out Notice Of Revocation Power Of Attorney For A Recorded Power Of Attorney?
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FAQ
Revoking a Power of Attorney If you previously filed a power of attorney and you want to revoke it, you may use Form 548 to change your representatives or alter the powers granted to them by filing the form with the Comptroller of Maryland.
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 ...
If you have an existing power of attorney form and you need to make changes, you should revoke your current document first. You can do that by using a revocation of power of attorney. Then, simply create a new Power of Attorney that includes the updates you want to make.
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.
Power of attorney will automatically end when you die. If you want to give someone the authority to manage your affairs after you die, you should make a will. There is no standard will form. Consider asking a lawyer to write your will.
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)
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.
The POA must be signed by the principal (or someone the principal directs to sign on their behalf, in the principal's presence). The POA must be signed in the physical or electronic presence (i.e., able to communicate in real time) of at least two adult witnesses. Maryland General Assembly.
