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Power of attorney can be amended under MA law?

I have a power of attorney that is several years old and the person I named as my agent is no longer really a close friend. Can I amend the power of attorney or should I just make a new one? What does MA elder law say about this?

Editor's Response

I would execute a new power of attorney rather than trying to amend the old one.  I say that for two reasons.  First, whether you amend or execute a new power of attorney, you will have to go through these  very important steps:

 

(1) If possible, physically collect the first power of attorney from the original agent and destroy it.  If that is not an easy thing to do, such as in a case where the old agent lives out of state, send a letter by certified mail telling the old agent that the power of attorney is no longer valid and asking her to return it to you.

 

(2) If you gave a copy of your old power of attorney to a financial or other institution, send a certified letter explaining that the original is no longer valid (and provide them with a copy of the new power of attorney, if appropriate), and asking them to return the old document to you.

 

The second reason I recommend drafting a new power of attorney is that if the document is few years old, financial and other institution will consider the power of attorney 'stale' and may refuse to honor it.  Because powers of attorney are sometimes subject to abuse (agents trying to access accounts of people who are no longer alive, e.g.), banks and other financial institutions want to make sure that the named agent is still authorized to conduct business on behalf of the principal. That is, they want to make sure the principal has not died or revoked the power of attorney.

So, in my opinion, do not bother to amend, simply execute a new power of attorney.  Good luck.

 

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