Phoenix Arizona Revocation of Power of Attorney

State:
Arizona
City:
Phoenix
Control #:
AZ-P003B
Format:
Word; 
Rich Text
Instant download
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Description

This is a Revocation of the General, Durable Power of Attorney provided for in Forms AZ-P003 and AZ-P003A, which allow you to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. Specific reference is made to the previously executed power of attorney and the date of its execution.

How to fill out Arizona Revocation Of Power Of Attorney?

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FAQ

You may revoke a Power of Attorney at any time and for whatever reason you wish. You must do it in writing and give a copy of the Revocation form to any interested third party such as a bank or financial institution with whom you or your Agent have business.

After Signing If you are competent and wish to revoke a power of attorney, you will need to send a signed notarized letter revoking the power of attorney to every place your agent used the power of attorney, as well as every place the agent might use the power of attorney.

The revocation should include your name, a statement that you are of sound mind, and your wish to revoke the power of attorney. You should also specify the date the original power of attorney was executed and the person selected as your agent.

There are two ways to revoke your power of attorney. You can: prepare and sign a document called a Notice of Revocation, or....Notifying Others banks. mortgage companies. title companies. stockbrokers. insurance companies. Social Security offices. Medicare or Medicaid offices. military or civil service offices.

There is no required form to revoke a Power of Attorney. However, we recommend you revoke a Power of Attorney with a signed writing in the form of an authentic act (in the presence of a notary and two witnesses).

The principal can revoke a POA when there is gross mismanagement on the agent's part, the agent breaches the contract terms, or acts beyond his/her scope of powers. In such cases, even an irrevocable POA can be revoked by issuing a revocation notice.

You can revoke a power of attorney by giving written notice to your agent and to some one in charge at any place where you expect the agent would try to use the power. For example, you would want to give written notice to your banks.

Revocation Letter means the letter issued by the IRS to the organization providing notice that the organiza- tion's exempt status is revoked for failing to file an Annual Return or notice for three consecutive years on or before the date set by the Secretary for the filing such third Annual Re- turn or notice.

You can revoke (cancel) your power of attorney document at any time with a written notice to your agent. A sample ?Notice of Revocation? is included in this packet.

All a principal needs to do to revoke a power of attorney is send a letter to the agent notifying the agent that his or her appointment has been revoked. From the moment the agent receives a revocation letter, he or she can no longer act under the power of attorney.

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Phoenix Arizona Revocation of Power of Attorney