Michigan power of attorney nuances can be challenging to grasp. To better understand the subject, it is essential to distinguish amongst the different forms within the state of Michigan.
Michigan Durable Power of Attorney
The State Bar of Michigan describes a durable power of attorney as the individual appointed to have authority on your financial matters when you are no longer competent. Once established as a durable PoA, this individual becomes known as an agent.
Michigan General Power of Attorney
In Michigan, the general power of attorney gives broad powers for your agent to handle your affairs. Usually, a general PoA is also known as a financial PoA because these are the standard day-to-day orders needed.
Michigan Limited Power of Attorney
A Michigan limited power of attorney is used when you want to limit or specify the capacity to which your agent has control. Most commonly, you would want to have a Limited Power of Attorney Michigan form completed to authorize real estate transactions.
Michigan Medical Power of Attorney
A form for health care management in Michigan, or health care proxy, is a patient advocate designation. In this document, you grant power to another individual to decide your medical treatment and personal care on your behalf.
Michigan Minor (Child) Power of Attorney
In the parents’ absence, the Michigan minor power of attorney is a legally binding document that transfers a child’s parents’ parental controls to a designated guardian of their choosing. These documents will have the provisions necessary for the children’s basic needs.
If you still have questions about Michigan’s documentation for PoA, refer to some frequently asked questions on the topic.