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Estate Planning: Power of Attorney

What is Power of Attorney?

A power of attorney is a limited tool that is most effective as part of a comprehensive estate planPowers of attorney can be general or drafted for a limited or specialized purpose.  We can prepare a specialized power of attorney for temporary child care or for the purpose of signing specific legal documents.

There are different kinds of powers of attorney.  Most people think of a durable power of attorney.  This is a financial power of attorney that is used for your agent to take care of your financial assets – your bank accounts, insurance policies, etc. – while you are alive but incapacitated.

A medical power of attorney, also known as a patient advocate in Michigan, is the power to make medical decisions on your behalf while you are incapacitated.  A separate Advance Directive is needed for end-of-life care situations.

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Durable Power of Attorney

Healthcare or Medical Power of Attorney

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