This form is used when a Principal declares that all power and authority granted under a Power of Attorney to a specified individual, as Agent and Attorney-in-Fact which was recorded for Principal is revoked, terminated, and withdrawn as of the Effective Date stated on the form.
Virginia Notice of Revocation Power of Attorney for a Recorded Power of Attorney
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State:
Multi-State
Control #:
US-OG-355
Format:
Word;
Rich Text
Instant download
Description
How to fill out Notice Of Revocation Power Of Attorney For A Recorded Power Of Attorney?
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FAQ
If you want to invalidate a power of attorney, you must approach the courts. A court or legal guardian is the only entity with authority to revoke a power of attorney. Before considering whether to invalidate a power of attorney, the court will review the specifics of your case.
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.
§ 64.2-1603. A power of attorney shall be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.
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)
If you have an existing power of attorney form and you need to make changes, you should revoke your current document first. You can do that by using a revocation of power of attorney. Then, simply create a new Power of Attorney that includes the updates you want to make.
A power of attorney goes into effect immediately at signing or a future date specified in the document. In the Commonwealth of Virginia, the original document must be signed and legalized by a notary public. A POA remains valid until: The principal dies.
The specific requirements are different in each state; however, in Virginia, your document will need the signature of a notary. If your agent(s) will have the authority to engage in real estate transactions, the Power of Attorney must be notarized and recorded or filed with the county.
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.
