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Either find a new POA, or petition for Guardianship of the Elder.
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If there was a second person named on the POA it would be appropriate for that person to take over now. Is the Elder person capable of making a change to the POA and appointing another agent? If no If one is capable of creating a new POA or executing the current one, I assume the situation will turn out as if there is no POA, whatever that is.
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A new POA will have to be designated. If the POA was drawn up via an attorney a revocation will have to be completed and a new POA named who will have to sign the papers and have them notarized. All of this can be done at the attorney's office if the new POA goes with you.

If the POA was created by you from the internet or with forms from Office Max then you simply rip them up and start from scratch with a new POA.

Interesting predicament. I'm not sure I've come across this situation before.
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