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Step 1
Check the original power of attorney. The power of attorney defines the relationship between yourself (the agent) and the person who granted you the power of attorney (the principal), and can be quite comprehensive. If the original power of attorney provides a process for resigning as agent, follow those steps. Generally, you will be required to submit some form of written notice to the principal.
Step 2
Draft a resignation notice. Many states requires you to inform the principal in writing of your intent to resign as agent. Even if your state does not require written notice, it is a good idea to place your resignation in writing to create evidence that you resigned. When drafting the notice, refer to the original power of attorney by the date it took effect, explicitly state you are resigning and name the last day you will act as an agent.
Step 3
Notarize the resignation notice. Some states require resignations to be notarized. If your state does not require this, you may still want to consider it because a notary provides additional evidence of your resignation and when it was completed.
Step 4
Submit the written notice to the principal, keeping a copy for yourself. If the principal is incapacitated, some states allow you to submit the notice to the person’s conservator or caregiver.
Step 5
Notify all parties you worked with on the principal's behalf -- such as banks and utility companies -- that you are no longer his agent. This is to ensure they do not expect you to take future action on the principal’s behalf. This also helps protects you from future conflicts regarding the principal.
Keep copies of everything
Good luck.
Not many here will judge you for making this choice. I certainly won't. I strongly considered it myself and I did not have the financial mess you have to deal with.
In any case, to address terminology, he is the one that can revoke POA, but you can opt out of serving as POA at any time.
The general idea is that you put it in writing, sign it, have it notarised and deliver it to all parties concerned - your father, the NH, medicaid and anyone else with you think needs to know.
You might want to see a lawyer to make sure you are covering your butt, so nothing comes back to bite you.. Sometimes the first 1/2 hr is free.
I am so sorry that you lost your job. You need to look after yourself. As your dad is incompetent, I believe the state would have to take over
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taken from legalzoom:
Put your resignation in writing. Include your name, name of the principal (your dad) , date shown on the original power of attorney and a resignation statement such as, "I am officially resigning as agent."
Sign the resignation. Get your signature notarized. Although the law may not require it in your state, notarization will help prevent any questions about the authenticity of your signature.
Deliver the resignation to your father if he's mentally competent. You may deliver the resignation personally or send it by certified mail.
Deliver the resignation to your father's caregiver or other person with significant interest in your father's welfare, such as your sibling, if your father is incompetent or incapacitated but doesn't have a guardian or conservator.
Deliver the resignation to the government agency that is caring for or protecting your father if you can't identify a suitable person. Send it by certified mail.
Deliver the resignation to any third parties you used the original power of attorney with. For example, if you used your powers at your father's bank, the bank may have the power of attorney on file.
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Hope this helps.
She just happened to mention this to him, when discussing the fact that my husband was his Dad's POA, and the Executor of his Will, and he recently went through the closing of his estate, and though it was fairly straightforward, and an "all cash" estate, hers definitely would not be so simple! She did not participate in Any way with their Dad and his care, so why would she assume that he would wish to take hers on? He's in his early 60's, and not getting any younger! I told him to set her straight, and get out from underneath this burden before it's too late, but they rarely even talk, What a Mess!
Joann has given you good advice about your dad's financial situation. Good luck, It sounds like a no win situation for you.