It's possible to get a standard, “boilerplate” power of attorney (POA) for little cost. But a POA is like a blanket: if it's poorly constructed or...
Even if you had a POA drafted specifically for your needs by an experienced estate planning attorney, changes to the Michigan durable financial pow...
Many people think that if they have a “living will,” their medical wishes will be known and carried out. This is an incorrect, and possibly dangero...
Depending on your health issues, you may decide that you do not want cardiopulmonary resuscitation (CPR) performed on you if you stop breathing or...
HIPAA laws exist to protect your privacy. However, if you are not conscious or competent when you enter a facility for medical care, you will not b...
Power of Attorney Requirements in Michigan. Michigan may not have standardized forms to obtain Power of Attorney, but these steps will help you navigate the PoA process in the Wolverine state. Obtaining a power of attorney in Michigan is not as easy as in many other states, because the Michigan legislature has not established standardized forms ...
A financial power of attorney (or POA) is a legal document by which one person (called the "principal") gives another person authority to act on his or her behalf in one or more types of financial matters. The person acting for the principal in financial matters is known in Michigan as the "attorney-in-fact," but in many other states is called ...
Michigan allows for both a durable and a springing POA, but the legislature has not provided any form. To make a durable POA, the following statement should be included: "This power of attorney is not affected by the principal's subsequent disability or incapacity, or by the lapse of time.".
A POA that continues after the principal is incapacitated is known as a "durable" power of attorney. A POA that only becomes effective if the principal becomes incapacitated is known as a "springing" power of attorney (which by its nature is also durable). The Michigan Designation of Patient Advocate is both durable and springing.
It may include decisions regarding mental health treatment, and the ability to make anatomical gifts in the event of death. A person must be at least 18 years old and of sound mind to create a Designation of Patient Advocate.
Technically, you don't need a lawyer to get a power of attorney agreement created. That may lead you to ask, "Where can I get power of attorney forms to fill out?" The answer is pretty simple: You and your parent can get self-guided legal services through a website like LegalZoom or find free power of attorney forms online. In addition, all kinds of POA templates are available on many state websites as well as in some office supply stores.
In fact, a power of attorney can be challenged. Banks, investment firms, and medical providers frequently do this. After all, third parties don't want to be held liable for honoring powers of attorney that might be forged, invalid, revoked, expired, or the product of coercion.
However, there can be more than one person with power of attorney because your parent may decide that various responsibilities should be divided up among two or more people. (Frequently, for instance, one agent will handle financial matters, whereas another will handle healthcare issues.)
After all, by the time your parent becomes legally incapacitated, it's too late to get power of attorney. At that point, you have to pursue the more costly and time-consuming option of adult guardianship. That's why the issue of "capacity" is so important.
Having financial power of attorney means having the authority to access and manage another person's monetary and/or property assets. As an agent with financial POA, you have the right to make certain kinds of financial decisions on behalf of the principal (as long as they are in his or her best interests). For example, your parent might give you the authority to pay bills, file taxes, make and manage investments, transfer money between different bank accounts, handle insurance claims, collect outstanding debts, sell or rent out property, or deal with retirement pensions and government benefit programs.
A POA document is generally a written agreement between two people: (1) the principal (sometimes called the grantor) and (2) the agent (sometimes called the attorney-in-fact). The agent is the person appointed to act on behalf of the principal. So your parent (the principal) can grant you (the agent) certain powers of attorney.
Also known as special power of attorney, this type of POA grants an agent the authority to handle a very specific situation on the principal's behalf. For example, your parent may grant you limited POA to represent him or her in the sale of a particular property or to manage his or her transition to a nursing home or assisted living facility. Your authority as the agent ends as soon as you've successfully completed the defined activity or reached the agreement's specified expiration date. And your powers do not extend to anything other than what is specified in the document.
In Michigan, a complete estate plan includes both medical and financial powers of attorney. No matter the size of your estate, these documents preserve something that may be more valuable to you than money: your ability to make important decisions regarding your life, health, and finances. If you have properly-prepared and executed powers of attorney in place, you will essentially eliminate the need for your loved ones to ever seek a guardianship or conservatorship over you in Probate Court.
It's possible to get a standard, “boilerplate” power of attorney (POA) for little cost. But a POA is like a blanket: if it's poorly constructed or full of holes, it won't do the job it's intended for when it matters. Different people need different things from a POA, but everyone needs it to be legally enforceable.
In Michigan, a complete estate plan includes both medical and financial powers of attorney. No matter the size of your estate, these documents preserve something that may be more valuable to you than money: your ability to make important decisions regarding your life, health, and finances.
This is an incorrect, and possibly dangerous, assumption. In Michigan, living wills have no enforceable legal effect.
What you need is a Durable Power of Attorney for Health Care, also known as a Patient Advocate Designation (PAD). This document allows you to designate a person, your "advocate", to make medical decisions (including mental health decisions, if you so choose) on your behalf if you no longer can. It also lets you direct what kind ...
If that's the case, your doctor can write a “do not resuscitate” (DNR) order to prevent medical providers from performing CPR when it would be otherwise called for. Michigan law permits you to wear a medical alert type bracelet or necklace containing this information to notify emergency personnel of your DNR. If you do not have a DNR order in place, and your advocate has not authorized one, medical personnel are legally and ethically bound to try to resuscitate you.
If that's the case, your doctor can write a “do not resuscitate” (DNR) order to prevent medical providers from performing CPR when it would be otherwise called for. Michigan law permits you to wear a medical alert type bracelet or necklace containing this information to notify emergency personnel of your DNR.
Your agent can take care of your financial affairs as long as you are competent. A " durable " power of attorney is a power of attorney that remains in effect when you are unable to make your own financial decisions (no longer competent). If you want your agent to have authority when you are unable to make your own financial decisions, ...
What is a Durable Power of Attorney? A power of attorney is a document that allows you to give someone the authority to manage your financial affairs. This person is called your agent. Your agent can take care of your financial affairs as long as you are competent. A " durable " power of attorney is a power of attorney that remains in effect ...
You can name more than one agent to act at the same time. Include in your durable power of attorney whether the agents will act separately or as one. You should also name successor agents who will act if your agent becomes unavailable or unwilling to act on your behalf.
If you are incapacitated, it means you have a mental or physical condition that prevents you from taking care of your own financial affairs. You must sign your durable power of attorney in front of a notary or two witnesses. Also, your agent must sign an acknowledgement of responsibilities and duties before exercising authority.
No, if your parent already has cognitive impairment, they can’t legally sign the documents required to set up a power of attorney. This is one reason why it’s a good idea to set up a POA early. Even if your parent does sign the papers, it’s unlikely to hold up in court.
A POA has to be written, witnessed, and notarized. You do not have to file it with a court or government office, with the possible exception of a POA related to real estate. Bear in mind that a verbal agreement is not recognized as a legal POA, nor is a casually written letter or note. Once you have an appropriately signed and witnessed POA, keep a copy safely stored and make sure that the people involved in caring for your loved one either have copies or are aware of who the agent is. Make sure the agent has a copy as well.
Common Reasons to Seek Power of Attorney for Elderly Parents 1 Financial Difficulties: A POA allows you to pay the bills and manage the finances for parents who are having difficulty staying on top of their financial obligations. 2 Chronic Illness: Parents with a chronic illness can arrange a POA that allows you to manage their affairs while they focus on their health. A POA can be used for terminal or non-terminal illnesses. For example, a POA can be active when a person is undergoing chemotherapy and revoked when the cancer is in remission. 3 Memory Impairment: Children can manage the affairs of parents who are diagnosed with Alzheimer’s disease or a similar type of dementia, as long as the paperwork is signed while they still have their faculties. 4 Upcoming Surgery: With a medical POA, you can make medical decisions for the principal while they’re under anesthesia or recovering from surgery. A POA can also be used to ensure financial affairs are managed while they’re in recovery. 5 Regular Travel: Older adults who travel regularly or spend winters in warmer climates can use a POA to ensure financial obligations in their home state are managed in their absence.
A nondurable power of attorney cannot act on your behalf if you become disabled or incompetent. You would generally choose a nondurable power of attorney for a specific matter, such as handling your affairs in your physical absence. In estate planning, through which seniors plan for future incapacity, all powers of attorney are durable. This means the power of attorney is effective regardless of your health condition. On the other hand, a springing power of attorney becomes effective at a specific time in the future, perhaps in the event of an illness.
Under a few circumstances, a power of attorney isn’t necessary. For example, if all of a person’s assets and income are also in his spouse’s name — as in the case of a joint bank account, a deed, or a joint brokerage account — a power of attorney might not be necessary. Many people might also have a living trust that appoints a trusted person (such as an adult child, other relative, or family friend) to act as trustee, and in which they have placed all their assets and income. (Unlike a power of attorney, a revocable living trust avoids probate if the person dies.) But even if spouses have joint accounts and property titles, or a living trust, a durable power of attorney is still a good idea. That’s because there may be assets or income that were left out of the joint accounts or trust, or that came to one of the spouses later. A power of attorney can provide for the agent — who can be the same person as the living trust’s trustee — to handle these matters whenever they arise.
The four types of power of attorney are limited, general, durable and springing durable. Limited and general POAs end when the principal becomes incapacitated, so they’re not often used by older adults when planning for the end of life. A durable POA lasts even after a person becomes incapacitated, so is more commonly used by seniors.
Last Updated: July 16, 2021. A power of attorney (POA) can be an important element of planning for your elderly parent’s future. It allows another person to take action on your parent’s behalf, ensuring bills get paid and medical decisions can be made in the unfortunate circumstance that your elderly parent is unable to do those things on their own ...