How does a power of attorney end?

On Behalf of | Nov 11, 2022 | Estate planning

A power of attorney can be a helpful tool to have in your estate plan. It allows you to pass on decision-making power to someone else. You can use it when you are unable to make decisions on your own or in situations where you need someone to stand in for you.

Once you create a power of attorney, you can dictate when it becomes valid. But the Florida Bar explains there are multiple ways for the power to end.

Set time limit

You can decide and build into the power of attorney an end date. At that time, the power ends. This is most common when you create it for a specific purpose. For example, if you need someone to handle a certain financial transaction, once that deal is complete, you no longer need them to maintain decision-making power for you.

Alternatively, you may also set a specific date of completion. You do this when creating the power of attorney.

Death

If you pass away, then the power of attorney immediately ends. It happens automatically. The person cannot maintain any power or authority when you are no longer alive.

Decision

You can decide at any time to strip the power of attorney authority. Since you created it, you can end it whenever you want.

The court can also end one. It may happen when someone else opposes it or feels you created it under duress.

Ending a power of attorney is not too difficult. There are many ways to do it, and you can guarantee it ends through a few options you have to end the authority.