![]() Although the new requirements do not apply to a durable power of attorney signed before October 1, 2012, if your durable power of attorney does not meet the new requirements, you should contact your attorney to execute a new one. It is very important to understand that in March of 2012, Michigan enacted a new law which deals with new requirements for durable powers of attorney for finances. A power of attorney for finances is included in Bill’s reasonable flat fee for drafting a will or trust. A well-drafted power of attorney can help avoid unnecessary probate litigations to resolve disputed issues.īill Ager is an experienced attorney who can help you decide the type of power of attorney that best suits your needs and what should be included. Customized drafting ensures that issues important to you are addressed, and a skilled attorney can help you identify issues you many not have considered. Alternatively, the POA can be “springing” and go into effect when you become incapacitated.Īlthough there are many durable power of attorney forms available, you should understand that a form is not a substitute for consulting with an attorney. The power of attorney can be a “durable” POA, which means that the power for the person to act on your behalf goes into effect when you sign the document and continues in effect when you become incapacitated. ![]() ![]() It gives another person the permission and authority to act on your behalf in financial and business matters. A power of attorney (POA) for finances is an important estate planning document. ![]()
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