Revoke Power Of Attorney: Fill & Download for Free

I am sorry for your predicament. You are the home owner as the loan is under your name. A bank will never give a loan to any person who is not the full or part owner. So whatever the financial arrangement between you and your parents, as far as the bank is concerned - you are responsible as well as accountable for the payments. If the loan instalments are defaulted, the bank will proceed into repossession actions.I don’t understand the Power of Attorney part. What is this PoA? Banks don’t work and grant loans on the basis of PoA. In any case, you must also get hold of the power of attorney and destroy it. If your parents are not returning it, you can get it revoked. I hope you have not signed an irrevocable PoA. Check here: Revocation of Power of Attorney: Everything You Need to Know.Secondly, get well soon and start paying the instalments. This is because bank is not going to go after your parents, but you.Start dealing with your parents in a straight way. Ask your parents, either pay up or return the capital. Threaten to go to court. In the matters of money and business there are no friends and relations - only correspondents (a favourite line that I am borrowing from the book - The Count of Monte Cristo by Alexandre Dumas).The results otherwise will be too bad.

It depends on the specific power of attorney. A power of attorney may only be good for as long as it takes the person provided that power to do a specific task. Or it may only come into effect when someone becomes incapacitated. It could have an expiration date on it, or it may remain good until the person who gave the power specifically revokes it.

First, I would eliminate normal civil marriage. We need to start everyone out on a level playing field. I would eliminate a lot of the federal benefits of marriage; there is no reason why that one lifestyle should be privileged over others.Then, I would take the most important marriage rights; medical power of attorney, financial power of attorney, inheritance, hospital visits, financial sharing, benefits beneficiaries, etc., and list them on a long piece of paper with check boxes. People who want to get "married" could go to a clerk and fill out the boxes with the rights they want to designate to that person. They would be able to fill out multiple boxes for multiple people; for those rights that could come into conflict (like power of attorney), the form with the most recent date would overrule others if the bearers disagreed on something. Forms could also be voided at the grantee's discretion.Children should be handled completely separately from marriage. Biological parents (who are on the birth certificate) already have certain established rights and I think that works well. I think that the biological parents should also be able to designate secondary custodians (similar to how grandparents have certain rights with regards to their grandchildren in some states) as they choose; it would take both parents to grant such rights, but they should not be able to revoke them without proving the association is harmful to the children.