If I decide that I can no longer be POA, how can I immediately resign my responsibilities as POA or do I have to wait for my relative's (whom I am POA for) attorney to draw up a new POA? I feel like waiting for the attorney to draw up a new POA could take a couple of weeks and due to circumstances, I want my POA responsibilities to end immediately. Thanks,
Here is an example: My sister created both a Health care and statutory Durable POA naming my mother first and then me as contingent. Not long after, my sister had a medical decline and my mother did as well. I assumed the responsibilities as dictated in the original documents. We did not have to do anything else. My mom did not have to formally revoke her attorney in fact role. If I for some reason cannot act as my sister's Attorney in Fact, then we will have to figure something out. (My sister cannot legally sign documents any longer and my mother has since passed away).
Step 1
Draft a letter of formal resignation. Although some states don't require a letter of resignation, providing one protects you legally. Include the date the power of attorney was signed, the full names of the agent and principal, a statement that indicates you're resigning, and the last day you will act as an agent.
Step 2
Take the letter to a notary public. Sign and date the letter in front of the notary and ask her to notarize your signature.
Step 3
Make copies of the resignation. You need a copy for your records, copies for any other agents named in the document, and copies for all places where you had the power of attorney on file, such as the principal's bank.
Step 4
Send the original resignation letter to the principal by certified mail, return receipt requested. Send copies in the same way to all places that had the power of attorney on file and the other agents. Keep your copy and the mail receipts