The Michigan durable power of attorney is a legal document that gives an agent the authority to make financial decisions for a principal (the person granting power). Unlike other powers of attorney, this document does not terminate if the principal becomes disabled or incapacitated. A durable power of attorney can also be made to activate only if the principal loses their capacity to make decisions (called a “springing” power of attorney). Having a durable power of attorney in place ensures that the principal’s finances will be cared for when they are unable to do so themselves.
Agent’s Duties – § 700.5501(3)
Signing Requirements (§ 700.5501(2)) – Two (2) Witnesses or Notary Public
State Definition – § 700.5501(1)