A Nevada power of attorney revocation form is used to terminate an existing power of attorney, which is only the first part of a two-step process required to effectively end the authorization. Once the form is completed, it is crucial to inform all relevant parties, particularly the designated agent and any successor agents, that the power of attorney has been revoked. The revocation is not considered effective until it is known by those affected.
Legal Considerations
Statute – Nevada Revised Statutes – Power of Attorney (Uniform Act) (§ 162A.010 – 162A.660).
Termination – § 162A.270.
Signing Requirements – It is advisable to sign your revocation and have your signature notarized by a Nevada notary public.
Revocation and Termination
To revoke a Power of Attorney (POA) before its expiration under Nevada law, follow these steps:
- Prepare a Written Notice: Include the principal’s name, the agent’s name, and the date the original POA was executed. The principal must sign and date this document.
- Deliver the Notice: Give the revocation notice to the agent either in person or by certified mail with a return receipt to ensure delivery proof.
- Notify Third Parties: Inform any third parties, like banks or financial institutions, which were dealing with the agent under the POA.
- Record the Revocation: For a durable POA, record the revocation at the local county recorder’s office where the original POA was filed.
Note: A mentally incapacitated principal cannot revoke a POA. Legal advice is recommended to ensure compliance with Nevada law.
Fees
- Notary Fees: Notaries in Nevada may charge up to $15.00 for one signature, and up to $7.50 for each additional signature.
- Legal Fees: For complex POA issues, attorney fees vary. Some offer flat rates from $100 to $500; others charge hourly.
- Recording Fees: To record a POA revocation in Nevada, fees range from $20 to $50, varying by county.
Resources
- Nevada Legal Services: Provides detailed information and support concerning durable powers of attorney, demonstrating Nevada’s dedication to offering legal assistance to its citizens.
- State Bar of Nevada: Offers access to various resources, including free and low-cost legal services, aimed at helping individuals seeking advice on durable powers of attorney and other legal issues.
