Continuing Power of Attorney for Property
Can I cancel my Power of Attorney after I have signed it?
Yes. As long as you are mentally capable of making a Continuing Power of Attorney for Property, you can take it back (cancel or revoke it). To do so, state in writing that you revoke it.
Two people must witness you signing this statement. Both people must be with you when you sign. The same people who are not allowed to be witnesses for a Power of Attorney are also not allowed to be witnesses for this statement.
There is no special form for this statement, which is referred to as a "revocation".
It is a good idea to give a copy of the revocation to anyone who has seen or has a copy of the Power of Attorney. If you can, get the original Power of Attorney back and destroy it.
If you do revoke it, inform everyone concerned with your income or property, such as your bank manager or pension plan administrator. Give them a copy of the revocation.
If you own a home or other real estate, have a lawyer register the revocation on the title to the property. This will notify anyone interested in buying the property, or anyone holding a mortgage on it, that the Continuing Power of Attorney for Property has been revoked.
Note: If you make a new Continuing Power of Attorney for Property, all other existing Continuing Powers of Attorney for Property that you have made before are automatically cancelled, unless the new one says otherwise. If you do not want this to happen, talk to a lawyer about the wording of the new document.