How do you revoke a power of attorney in Arkansas?
Any revocation of a legal document should be in writing and notarized so there will be no dispute as to its validity. No magic language is required. The revocation needs to include your name, the statement that you are of “sound mind,” and that you wish to revoke the existing power of attorney.
How do you revoke a power of attorney form?
To revoke an existing Power of Attorney, you need to notify your attorney in writing. This document should contain the date of revocation with your signature included. Should you fail to inform your Attorney of the revocation, your Attorney can legally continue to make decisions on your behalf.
Why would a power of attorney be revoked?
A principal may wish to revoke a power of attorney for a wide variety of reasons. For example, the attorney’s health may have declined or the attorney may no longer be suitable to act or there may have been a falling out between the principal and the attorney.
Does a power of attorney need to be recorded in Arkansas?
Yes. An agent under a POA must keep a record of all receipts, payments, disbursements, and transactions made on behalf of the principal.
How do you revoke an irrevocable power of attorney?
Such Power of Attorney may be revoked by the principal or the Power of Attorney holder by the procedure according to law. For revocation of irrevocable Power of Attorney, the principal is required to issue a public notice through local newspapers, without which, the revocation shall stand void.
Does a new POA revoke an old POA?
If for any reason, you become unhappy with the person you have appointed to make decisions for you under a durable power of attorney, you may revoke the power of attorney at any time. While any new power of attorney should state that old powers of attorney are revoked, you should also put the revocation in writing.
How do you revoke an irrevocable Power of Attorney?