Michigan power of attorney forms authorize a representative to make decisions and act on behalf of the principal (the individual being represented). The arrangement may be limited to authorizing the representative to handle a single transaction or they can receive total authority to manage the principal’s finances. The durable and medical power of attorney forms allows individuals to elect agents to handle their financial and medical needs if they become incapacitated due to injury, old age, or illness. Most powers of attorney must be validated by the signatures of two witnesses or a notary public.
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A 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. This type of contract either comes into effect immediately (and endures after the principal’s incapacitation) or only upon a physician declaring that the principal has become incapacitated. A secondary agent should also be assigned in…
