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In this segment of the BL TV program sponsored by OFlaherty Law, Kevin O'Flaherty explains how to revoke a power of attorney in Illinois. A power of attorney allows another person to make decisions on your behalf, either only if you become mentally incompetent or even while competent. There are two types: a financial power of attorney, which covers financial and legal decisions, and a healthcare power of attorney for personal and medical decisions. To revoke a power of attorney, you can either create a new power of attorney or follow a specific legal process to ify the existing one.