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I am no longer willing to act as POA. Do I just notify the principal and concerned parties, is there a legal process, or do I just cease acting as such? Thank you.
12 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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If they are relying on you to take care of certain matters, you should notify them.
Answered on Aug 21st, 2015 at 9:55 AM
Notify everyone by certified letter.
Answered on Aug 21st, 2015 at 12:14 AM
Admiralty / Maritime Attorney serving Monrovia, CA
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The Law Office of Nathan Wagner
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Just tell the principal and the people you were dealing with on the principals behalf that you are relinquishing the power of attorney. It's probably best to notify them in writing, so everyone has a record and it is clear when you stopped acting as attorney-in-fact.
Answered on Aug 20th, 2015 at 3:26 PM
Probate Attorney serving New Orleans, LA
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James G. Maguire
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I would notify the person who granted POA to you that you are no longer willing to serve. I would do it by certified mail.
Answered on Aug 20th, 2015 at 2:40 PM
Probate Attorney serving Newport, OR
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Minor, Bandonis & Haggerty P.C.
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Notify the principal in writing. If there are any transactions which are partially completed, let the principal know what remains to be done. Make sure you retain your receipts and all documentation regarding acts you performed as agent (although you may need to photocopy this material and provide copies to the principal so he or she knows what was done, and what may be undone).
Answered on Aug 20th, 2015 at 2:02 PM
Trusts Attorney serving Sacramento, CA
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Law Office of Victor Waid
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Send a certified letter to whoever is involved that you are declining to act as a power of attorney for whomever designated you their agent.
Answered on Aug 20th, 2015 at 1:49 PM
You simply advise all concerned that you no longer wish to serve as agent.
Answered on Aug 20th, 2015 at 1:47 PM
Send the principal a letter announcing your intention of resigning and the date that resignation will take effect. Send copies to any person or business that relied upon you in your role as POA, such as financial institutions, health care facilities and providers, family members, business associates, etc. You will also have to turn over to the principal any documents, reports (completed and pending) checkbooks, health records, etc. that you accumulated or created while serving as POA.
Answered on Aug 20th, 2015 at 1:44 PM
Commercial Attorney serving Chicago, IL
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Ashcraft & Ashcraft, Ltd.
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You should notify the principal that you have resigned. If a successor agent is identified in the Power of Attorney you should also notify the successor.
Answered on Aug 20th, 2015 at 1:28 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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I would do so in writing to the principal and, of course, stop acting in the capacity of a POA will.
Answered on Aug 20th, 2015 at 1:13 PM
Thomas Edward Gates
You may stop acting in the role of POA for the individual. You can send a letter to him to that effect.
Answered on Aug 20th, 2015 at 1:11 PM
3 Awards
What does the Power of Attorney say with regard to revocation? This is opinion is solely based upon the facts presented in the inquiry. Additional facts may be important and may change the analysis. If you are uncertain, seek legal counsel. We are not your attorneys. This answer is being offered to assist you in determining if you need to retain legal counsel to assist you, not to resolve your issue through an email inquiry.
Answered on Aug 20th, 2015 at 1:10 PM