The Durable Power of Attorney Form in Michigan allows an individual to appoint someone else to make legal, financial, and healthcare decisions on their behalf if they become incapacitated. It helps ensure that your affairs are taken care of by someone you trust in case you are unable to make decisions for yourself.
In Michigan, the person creating the Durable Power of Attorney form is called the "principal." The principal is the one who files the form.
Q: What is a durable power of attorney?
A: A durable power of attorney is a legal document that allows someone to make financial and legal decisions on your behalf if you become incapacitated or unable to make decisions yourself.
Q: Why do I need a durable power of attorney?
A: Having a durable power of attorney ensures that someone you trust can manage your financial and legal affairs if you are unable to do so.
Q: What can the person named in the durable power of attorney do?
A: The person named in the durable power of attorney, also known as the agent or attorney-in-fact, can manage your financial affairs, pay bills, make investment decisions, and handle legal matters on your behalf.
Q: Can I revoke a durable power of attorney?
A: Yes, you can revoke a durable power of attorney at any time as long as you are of sound mind.
Q: Is a durable power of attorney valid in other states?
A: A durable power of attorney executed in one state is generally valid in other states, but it's best to consult with an attorney to make sure it conforms to the laws of the state where you will be using it.
Q: Can a durable power of attorney be used for healthcare decisions?
A: No, a durable power of attorney specifically for healthcare decisions is called a healthcare power of attorney or healthcare proxy.