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.
There are three ways to revoke a power of attorney: by preparing a written revocation letter; by destroying all existing copies of your power of attorney; and by creating a new power of attorney document that supersedes the old one.
The person or persons named in your POA are called agents. You may reverse or revoke your power of attorney at any time as long as you are of sound mind. Fill out a power of attorney revocation form or enter your information on a blank sheet of paper.
(g) Unless otherwise provided in the power of attorney, a revocation of a power of attorney must be executed in accordance with Sections 62-8-105 and 62-8-106 and, if the power of attorney has been recorded, then the revocation also must be recorded in the same county as the recorded power of attorney.
If you want to revoke a previously executed power of attorney and do not want to name a new representative, you must write “REVOKE” across the top of the first page with a current signature and date below this annotation.
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.
To transfer a power of attorney from one agent to another, you will need to revoke the original power of attorney document and write a new one. You can revoke a power of attorney at any time and for any reason -- or for no reason. Create a statement, in writing, revoking your current power of attorney.
What is a Deed of Revocation? A power of attorney gives someone else responsibility to make decisions for you. Their authority to act continues until the power of attorney is revoked (i.e. cancelled).
With an unregistered Enduring Power of Attorney, the process is simple.A Deed of Revocation should be drawn up including the details of the donor, the details of the attorneys and the date that it was signed by the donor. ... The donor should write 'revoked', 'cancelled' or similar wording over the EPA.More items...
In South Carolina, your power of attorney is automatically durable (meaning that it remains effective after your incapacitation) unless the document explicitly states otherwise. (S.C. Stat. § 62-8-104.)
South Carolina Requires Powers of Attorney to Be Recorded (POAs made before this date are subject to the laws that were in effect at the time.) Note that a POA does not have to be recorded for the agent to exercise powers while the principal still has capacity.
The specific requirements and restrictions for PoA forms will vary in each state; however, in South Carolina, your Power of Attorney will require notarization and the signatures of two witnesses. If your agent will manage real estate transactions, the Power of Attorney must be notarized and recorded with your county.