This is a Michigan General Financial Power of Attorney Form, it is used to create a general power of attorney related to financial and real estate powers, and is applicable only in the state of Michigan. A general power of attorney means that the power-of-attorney does not stay in effect if the principal is incapacitated, meaning a medical physician states that the principal can no longer make decisions for them self.
How to complete this Michigan General Financial Power of Attorney Form?
In the first page of this document that details related to this power-of-attorney which are as follows; the fact that this is a legally binding document which will grant unlimited financial powers to someone else on your behalf. This agreement WILL NOT authorize the attorney-in-fact to make any medical decisions on your behalf. You the principal can revoke this general power of attorney at any time by giving your attorney-in-fact a notice in writing.
On the second page you need to fill in the following details in the proper spaces provided for them. Your details like full name, street address, name of city. Similar details of the person whom you are going to appoint as your attorney-in-fact. You appoint as your attorney-in-fact is unwilling or cannot serve then you can appoint a successor and provide the same details for your successor attorney-in-fact.
The attorney-in-fact must acknowledge that he or she will take the principal’s best interests in mind when making any financial decisions. The attorney-in-fact has to agree that he will not be compensating for acting in the presence of the principal but he or she will be provided but not entitled to reimbursement for food, travel and lodging expenses for carrying out their power-of-attorney services.
For this Michigan General Financial Power of Attorney Form to be considered complete and legally binding you must sign in the proper space provided for your signature along with a signature by the attorney-in-fact. This document must also be signed by two adult witnesses present at the time of execution of this form. This power of attorney form must also be acknowledged by a Notary Public from the state of Michigan. To download this form just click on the download link at the bottom of this page.