This form is a revocation of the authority granted in Form TX-P010 that gives your attorney in fact (your agent) broad powers to make decisions regarding property, financial, business, insurance and other matters that remain in effect even if you are incapacitated. This form must be signed and notarized.
Austin Texas Revocation of Statutory General Power of Attorney
Category:
State:
Texas
City:
Austin
Control #:
TX-P010B
Format:
Word;
Rich Text
Instant download
Description
How to fill out Texas Revocation Of Statutory General Power Of Attorney?
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FAQ
A power of attorney (POA) is a legal contract that gives a person (agent) the ability to act on behalf of someone (principal) and make decisions for them. Short answer: The principal who is still of sound mind can always override a power of attorney.
An LPA can be cancelled at any time while the Donor still has mental capacity. If you want to revoke an LPA, you will need a Deed of Revocation form. To cancel a power of attorney, the Deed must be signed by the Donor and the Attorney must be informed that their power to act has been revoked.
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to do to revoke a power of attorney is send a letter to the agent notifying the agent that his or her appointment has been revoked.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.
Texas's statutory form of durable power of attorney is found in Section 752.051 of the Texas Estates Code. It is a financial durable power of attorney - this means that it only allows the agent to handle financial matters. It does not permit the agent to make decisions about the principal's health care.
Remember, you can revoke a power of attorney at any time. Simply notify your agent in writing and retrieve all copies of your power of attorney. Notify any financial institutions and the County Clerk's office, if applicable, that your agent's power of attorney has been revoked.
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).
Your power of attorney isn't set in stone?you can revoke it at any time, and you don't need to give a reason. Because situations and relationships change, it's a good idea to review your financial and healthcare powers of attorney every few years, to make sure your estate planning stays up to date.
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.
You can end your lasting power of attorney ( LPA ) yourself - if you have mental capacity to make that decision. You need to send the Office of the Public Guardian ( OPG ) both: the original LPA. a written statement called a 'deed of revocation'
Prepare a written statement of revocation with the name of the agent and the date you made the power of attorney you wish to revoke. Sign the revocation before a notary. You can hand-deliver a copy to your agent or send it by certified mail so that you can prove that it was received.
