A proxy can also be revoked unless the terms of the proxy say otherwise.
Minnesota Revocation of Proxy is a legal document that allows an individual (the principal) to cancel or revoke the authority granted to another person (the agent) through a previously executed proxy form. This form is typically used in situations where the principal no longer wishes the agent to have the power to make decisions on their behalf. There are various types of Minnesota Revocation of Proxy, including: 1. General Revocation of Proxy: This type of revocation cancels all previous powers granted to the agent, regardless of the specific tasks they were authorized to perform. It is a broad cancellation of authority. 2. Limited Revocation of Proxy: Unlike a general revocation, this type of revocation only cancels certain powers or tasks previously granted to the agent. The principal specifies the restricted authorities within the document. 3. Medical Proxy Revocation: This specific type of revocation applies to situations where the agent was designated to make healthcare decisions on behalf of the principal. The revocation removes the agent's authority in matters related to medical treatments and decisions. 4. Financial Proxy Revocation: A financial proxy revocation is used when the agent was appointed to handle financial matters on behalf of the principal. This revocation terminates the agent's authority to make financial decisions, manage assets, or engage in financial transactions. The Minnesota Revocation of Proxy must include the principal's name, address, and date of the original proxy document. It should also clearly state the agent's name and address, as well as the effective date of the revocation. The document must be signed and notarized to ensure its validity. By utilizing the relevant keywords such as Minnesota Revocation of Proxy, canceling authority, revoking proxy form, types of revocation, general revocation, limited revocation, medical proxy revocation, financial proxy revocation, and legal document, individuals can better understand the purpose and significance of this legal instrument in Minnesota.
