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Kentucky Revocation of General Durable Power of Attorney

Kentucky Revocation of General Durable Power of Attorney

Name: Kentucky Revocation of General Durable Power of Attorney
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (201 reviews)

Category:

Kentucky Power of Attorney - Revocations

State:

Kentucky

Control #:

KY-P003B

Format:

Instant download

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Description

This is a Revocation of the General, Durable Power of Attorney provided for in Forms KY-P003 and KY-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.

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FAQ

Revoke Your Current Power of Attorney. To change or cancel your current power of attorney, you should complete a formal, written revocation. Notify Your Power of Attorney. Once you complete your revocation, notify your agent of the cancellation in writing. Notify Relevant Third Parties. Execute a New Power of Attorney.

It also says the only way to revoke the POA is by a written revocation that is also recorded like a conveyance, or a memo of revocation is made on the margin of the original record. (Most offices do not accept marginal notations.)

The more recent POA does not necessarily supersede the earlier one. The earlier one can be revoked, though. You can also have two POAs in effect at the same time.

Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.

You can revoke your power of attorney whenever you want, as long as you are mentally competent. This revocation should be in writing, signed by you in front of a notary public, and delivered to the attorney-in-fact and any third parties with whom your agent has been in contact (e.g., your bank).

An agent under a financial power of attorney should not have the right to bar a sibling from seeing their parent. A medical power of attorney may give the agent the right to prevent access to a parent if the agent believes the visit would be detrimental to the parent's health.

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.

A principal can revoke the power of attorney while he or she is still mentally competent. A principal can complete a formal written document requesting the revocation of a power of attorney at any time, for any reason, while he or she is still competent. The principal must sign and notarize the revocation request.

Kentucky Revocation of General Durable Power of Attorney

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How do I reverse a power of attorney?

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Does a new power of attorney revoke an old one?

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