Termination of the power of attorney
The power of attorney terminates when:
- both parties have fulfilled their obligations;
- the obligations have become impossible to perform;
- the mandator revokes the power of attorney;
- the powers given by the power of attorney have ended; or
- the mandatary gives up the power of attorney.
The power of attorney also terminates if either party dies, becomes bankrupt or is declared incapable by the court.
When the power of attorney is no longer valid, you should write that on the physical document. If it is notarized, mark up your copy and inform the notary so they can mark up the original and any other copies. You should also notify any financial institutions or individuals the mandatary had dealings with that the power of attorney is no longer valid and ask them to return all copies of the document. If the power of attorney is not notarized, request the original as well.