Any time you grant someone else the power to act on your behalf, you should understand the legal ramifications of that decision. You should also understand the requirements to reverse that choice if it proves to be the wrong one for you and for your family.
What is a Power of Attorney?
When you designate someone to have power of attorney, you give them the legal right to make decisions on your behalf. You can grant them a general power of attorney that lets them make any and all decisions for you, or you can limit it to only medical decisions, only financial decisions, and so on.
When someone has been properly named as your power of attorney, they can legally bind you to choices they make. For example, your power of attorney could sign an agreement to sell your house, and this would be binding on you.
Under certain circumstances, you might be able to invalidate an act that your designated agent took on your behalf, but this is not a certainty, and would require costly and lengthy litigation on your part. Thus, it is important that you carefully consider the ramifications before you designate someone to act on your behalf.
Can You Revoke Your Designation?
Of course, there are certain scenarios where you may wish to revoke the power of attorney designation. And, while the specific laws regarding this will vary from state to state, it is generally possible to do so. However, it may not be as easy to revoke the designation as it was to make it in the first place, so you should proceed with caution when granting someone the authority to make choices for you.
If you are in a situation where you want to revoke your power of attorney designation, you should seek out qualified legal representation. While revocation is possible, it is a process that will be much easier with the proper assistance.