With a Power of Attorney you can select somebody to handle your financial and legal affairs if you must become incapacitated and not able to look after your own affairs. If you do not have a Power of Attorney, no one can lawfully do this for you without very first litigating and being selected as Guardian or the conservator of your estate.
There is no doubt that having a Power of Attorney is necessary, however what happens if you have called someone as your Power of Attorney and you change your mind and choose that you would choose somebody else manage this obligation? If you do happen to alter your mind about who should be your Power of Attorney, this is not a problem. No matter whom you have named as your Power of Attorney, their authority does not stop you from revoking that Power of Attorney, as long as you are still capable of making your own decisions and interacting those choices.
There are a variety of factors why somebody may alter their mind about the individual that should have Power of Attorney. Expect you named somebody to this position and later on they develop a betting problem or start to show proof that they are very reckless in the way they deal with money? These are excellent factors why you may want to change your Power of Attorney you can also do this for no reason at all. You do not need a factor to revoke a Power of Attorney; this is your right.
To revoke a Power of Attorney you will need to put the revocation in composing and sign it. Send a copy of this to the individual whom was your Power of Attorney as well as any institutions where that Power of Attorney could be used, such as your banks and credit card business. You will likewise wish to send out a copy of this revocation to any county where you own genuine estate so that it is on record that the person no longer has the legal authority to act on your behalf.
When withdrawing a Power of Attorney it is typically best to seek advice from an attorney that specializes in estate planning and senior law.