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A power of attorney is a useful tool for making sure your financial affairs are managed effectively by a person you trust, known as your agent. However, circumstances and relationships change, and there may come a time when the power of attorney you created no longer serves your interests. It is a relatively straightforward procedure to revoke a power of attorney and to create a new one. The hardest part for most people is remembering to do it, which is why you should review all your estate planning documents, including powers of attorney, every year.
There are numerous reasons why you might want to terminate a power of attorney. Some of the most common reasons include:
Terminating a power of attorney requires completing the Connecticut Revocation of Power of Attorney form. Once you fill out the form, you’ll need to follow these steps to make the termination effective:
Bear in mind that any person or entity to whom you gave a copy of the original power of attorney will likely keep relying on it until they receive notice of the revocation. This can lead to legal disputes.
At Gesmonde, Pietrosimone & Sgrignari, L.L.C., we provide comprehensive estate planning services and can assist you with revoking a power of attorney and creating a new one. To speak with an attorney from our Hamden or East Haven offices, call 203-745-0942 or contact us online anytime.
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Gesmonde, Pietrosimone & Sgrignari, L.L.C. is located in Hamden, CT and serves clients in and around North Haven, Hamden, Waterbury, Bethany, Milford, Wallingford, Prospect, Woodbridge, Northford, Madison, Beacon Falls, Branford, Cheshire, North Branford, East Haven, Naugatuck, Meriden, Ansonia and New Haven County.
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