Durable Power Of Attorney Form Michigan Free
General power of attorney if you need someone to represent your general financial interests but you do not want the power to continue beyond when you have the sound mind to revoke it you should use this form.
Durable power of attorney form michigan free. A durable power of attorney remains valid even if the principal becomes incompetent or incapacitated. The person s you name as your representative is called the agent or the attorney in fact. Michigan durable financial power of attorney form is a commonly utilized template geared for people who wish to have some assurance that their responsibilities will be fulfilled by an agent acting in his or her name. A durable power of attorney form allows an individual principal to select someone else agent or attorney in fact to handle financial related matters on their behalf.
If you complete a financial power of attorney you are called the principal. The term durable means that if the principal should become incapacitated the form would remain in effect. Power of attorney forms in michigan. Oftentimes this may be a time when he or she is incapacitated or will be away for an extended period of time.
The michigan durable power of attorney form allows an individual known as the principal to choose a representative to make any type of financial decisions and actions on their behalf. The michigan durable power of attorney form allows an individual known as the principal to choose a representative to make any type of financial decisions and actions on their behalf. The durable power of attorney form at the top of the list will continue to be in effect even if you became incapacitated. This type of contract either comes into effect immediately and endure after the principal s incapacitation or only upon a physician declaring that the principal has become incapacitated.
Durable power of attorney michigan. The general power of attorney form however will not continue if you become incapacitated. Medical power of attorney michigan. In the state of michigan powers of attorney are presumed to be durable by default unless stated otherwise within the document.
It is different from the durable form in that it becomes void in the event you are determined to be incompetent. Adobe pdf ms word docx opendocument. The michigan medical power of attorney form is used to designate a patient advocate to make all health care decisions for the principal if they become incapacitated due to illness old age or injury. Durable power of attorney michigan form adobe pdf.