Durable Power Of Attorney Form Michigan
What is durable power of attorney form michigan?
A durable power of attorney form Michigan is a legal document that grants someone (known as the 'attorney-in-fact' or 'agent') the authority to make financial and legal decisions on behalf of another person (known as the 'principal') in the state of Michigan. This form remains valid even if the principal becomes incapacitated or unable to make decisions for themselves.
What are the types of durable power of attorney form michigan?
In Michigan, there are two main types of durable power of attorney forms: financial power of attorney and healthcare power of attorney. 1. Financial power of attorney: This type of document grants the attorney-in-fact the authority to manage the principal's financial affairs, including banking, real estate, and investments. 2. Healthcare power of attorney: This form allows the attorney-in-fact to make medical decisions on behalf of the principal, including treatment options, healthcare providers, and end-of-life decisions.
How to complete durable power of attorney form michigan
Completing a durable power of attorney form in Michigan requires the following steps: 1. Choose a trustworthy attorney-in-fact: Select someone you trust to make decisions in your best interest. 2. Obtain the correct form: You can find durable power of attorney forms specific to Michigan online or consult an attorney for assistance. 3. Provide necessary information: Fill in all required information, including your name, the attorney-in-fact's name, and specific powers granted. 4. Sign the form: Both the principal and the attorney-in-fact must sign the form in the presence of a notary public. 5. Distribute copies: Provide copies of the completed form to relevant parties, such as banks, healthcare providers, and family members.
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