These forms have a common goal across all the states—to delegate the power to act and decide. However, their completion slightly varies in different states. Therefore, it’s necessary to familiarize yourself with the specific legal provisions governing all POA types in Michigan.
A power of attorney lets you donate or grant some of your authority to a person you trust to advance your best interests. In this delegated arrangement, you become your appointee’s principal, donor, or grantor. Consequently, they become your agent or attorney-in-fact.
Your agent’s scope of power can cut across any area of life you choose for them. You may appoint them to handle your financial matters where they can buy or sell assets for you. They may also prepare and submit your tax information. Alternatively, you can authorize an agent to handle more sensitive duties relating to your underage children. For instance, a POA grants them the power to decide for your underage children while traveling abroad.
Your agent’s authority can get as close as your health. You may authorize them to consent for you in health matters when you need to undergo particular medical procedures. Your agent stands in for you when you aren’t in the right mental frame to decide for yourself.
Either you or the courts can revoke a power of attorney if your agent fails the agreement. If you do it on your own, you need to fill and sign a special revocation form to terminate the relationship. The law requires you to be in the right (sane) mental frame when signing the form. Otherwise, the revocation will be null and void.
All powers of attorney forms should be filled to comply with the state’s laws. The Act that regulates POAs is called the MCL Chapter 700. It sets boundaries that ensure that a power of attorney is legally binding and enforceable. The legislation also protects the form and all its delegated functions.
