Expert: Timmy Chou - 7/20/2009

Question
Dear Sir,
I do not know if I am in the right category, but I hope that you can answer my question.  If this is not in your expertise could you please be so kind and tell me in what category it belongs.

This is my question:
I gave somebody my power of attorney, but something happened and I do not trust this person anymore.  I want to give my POA to somebody else.  What steps do I have to take  to avoid that the person I do not trust anymore uses my POA?
TIA and best regards  

Answer
Thanks for your question.

As I always note to questioners, mediators act as neutral third parties to disputes and never "get involved" in judging the merits of conflict, but merely use special techniques to help the parties decide how to negotiate their own settlement.

I am not a lawyer and cannot give you legal advice, though I can answer based on my business consulting experience.  

As far as I know, you can give your current POA holder a written signed statement revoking the POA.  

Alternatively, you can appoint another person to receive your POA.  Include in the new appointment the statement that this appointment hereby revokes all prior POAs issued and that they are of no more power or effect as of the date of your new appointment.  If there are people that you need to inform, send copies to these folks so that they will not inadvertently rely on the old POA.

Feel free to follow up with additional questions.