Michigan Revocation of Recorded Power of Attorney
Description
How to fill out Revocation Of Recorded Power Of Attorney?
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FAQ
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
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)
Power of Attorney after the principal's death: Once the principal passes away, the POA generally becomes null and void. The agent does not have the power to handle the deceased's estate.
You can cancel (revoke) your durable power of attorney, but only when you are able (competent). You must sign a written document that says the durable power of attorney is revoked. You should sign the document in front of a notary public or two witnesses, but that is not required.
The person who signed the power of attorney form can revoke the agent's authority if they are of sound mind. They can draft a new document to take power of attorney away from one person and grant it to an alternate agent.
Michigan financial power of attorney While there is no official form for a financial POA, there is an "acknowledgment of the attorney-in-facts's responsibilities" that the attorney-in-fact must sign before exercising authority under the POA. This may be found in Section 700.5501 (4) of the Michigan Compiled Laws.
The durable power of attorney must be 1 or both of the following: (a) Signed in the presence of 2 witnesses, neither of whom is the attorney-in-fact, and both of whom also sign the durable power of attorney.
File a Copy With the Register of Deeds If you granted the power to deal with real estate to your attorney-in-fact, you should also file a copy of your POA in the land records office (called the register of deeds in Michigan) in the county where you own real estate.
