This is a Michigan Durable Financial Power of Attorney Form, it is used to create a power of attorney related to financial powers in the state of Michigan. This form is used to grant an agent whom you appoint the power to take financial decisions on your behalf in case you are unable to take those decisions yourself.
How to fill this Michigan Durable Financial Power of Attorney Form?
The first section of this form provide you with the following information; the fact that this is an important legal document that make reading this you are giving another individual the power to handle your property and finances. You should not sign this document unless you completely understand outcome of creating such a power-of-attorney. Do not that this document does not give your agent the power to take medical decisions on your first you can also be booked this power-of-attorney by notifying your agent in writing.
Second section of this document contains instructions related to reading this document carefully, if you have any trouble understanding any part of the document you should consult with a lawyer. You have to make sure that two adult witnesses and a Notary Public signs this document for it to be legally binding. You should keep this original document in a safe place that is accessible to you and your agent and you can use photocopies of this original for any purpose as you require.
The third section is the Michigan Durable Financial Power of Attorney Form with blanks provided to fill in the appropriate details like; your full name, the full name of the person whom you are appointing as your agent, their relation to you, the address of the agent, if the person whom you are appointing as your agent is not willing to perform those duties you can also designate a successor agent and provide the same details for that person.
You can set the effective date as per your needs in this form can either choose to make this power-of-attorney effective from the date of the creation of this document or you can choose to make this power-of-attorney come into effect only when it is determined that you are unable to manage your own property and financial affairs effectively.
The power section of this form details out the various powers that your agent can exercise on your behalf for your best interests and welfare. Some of these powers are related to banking, government benefits, investments, retirement plans, taxes, insurance, real estate, personal property, legal advice and proceedings and your estate plan. If these powers detailed out and enough and you want to include any special instructions you can do that by filling out the details in the special instructions section.
You the principal must date and sign this document in the proper space is provided for that, two adult witnesses must also fill the names and signatures in the spaces provided for them. The last section is for the Notary Public to sign and acknowledge the legal validity of this Michigan Durable Financial Power of Attorney Form. Download this form by clicking on the download link provided below.