Powers Of Attorney — Saginaw

A power of attorney (POA) allows you to nominate a trusted individual of your choosing to make important legal decisions for you if you are unable to do so yourself. This document is a pertinent part of estate planning, as well as a secure way to ensure that your family members maintain control of familial assets and that your preferences for healthcare treatments are known and respected, should you become unable to express such wishes yourself. Over the years, our firm has helped many couples and families designate powers of attorney that protect them and their interests when difficulties arise. We are happy to do the same for you and yours, so reach out today to learn more.

Powers of Attorney in Michigan

While there are different types of powers of attorney, each one is a legally binding document that grants permission to a person of your choosing to make specific decisions on your behalf. These powers can apply to healthcare, business, general asset management decisions, and more. They can be as detailed or vague as you like and are customized to address the specific needs of you and your family.

Various Types of Powers of Attorney

When it comes to Powers of Attorney, there are several terms that are worth defining so that you can better understand your options for ensuring that your best interests and your future are in good hands. Here are a few types of Powers of Attorney:

• Non-Durable: These are specific or short-term powers of attorney. They usually grant permission for one purpose or transaction and are nullified once that action is complete. For example, granting a trusted individual permission to operate the trustee’s business until they recover from a major surgery.
• Durable: Durable powers of attorney are much more comprehensive and all-encompassing. They are typically for long-term goals. For instance, you may grant someone permission to manage assets and make healthcare decisions for the trustee following a dementia diagnosis, and this permission may remain in effect until their death.
• Limited: Limited powers of attorney are highly specific and for short- or one-time purposes, such as a real estate transaction.
• Medical: These POA grant permission for a spouse or other family member to make medical decisions on behalf of the trustee, should they become mentally incapacitated.
• Springing: Springing POA go into effect only if a specific condition arises and is in effect only while that condition lasts. For instance, giving someone the legal ability to make medical decisions for the trustee’s minor children while they are out of the country or otherwise unreachable.

Protections For Those Who Matter Most

Creating powers of attorney while you’re healthy and of sound mind is one of the kindest things you can do for yourself and your family. Putting these appropriate measures in place before challenges arise removes much of the stress and legal difficulties that can result from emergency situations. We’re ready to work with you to discuss your goals and concerns for the future of you and your family, so contact us today to get started.