Michigan Durable Power of Attorney Form

Michigan Durable Power of Attorney Form

Last updated September 20th, 2022

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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)

Laws§§ 700.5501 – 700.5505 (Durable Power of Attorney and Designation of Patient Advocate)

Signing Requirements (§ 700.5501(2), (4)) – Two (2) Witnesses or Notary Public; Agent must sign an “Acknowledgment of Responsibilities by Attorney-in-Fact” before exercising authority.

State Definition

Statute§ 700.5501(1)

A durable power of attorney is a power of attorney by which a principal designates another as the principal’s attorney-in-fact in a writing…showing the principal’s intent that the authority conferred is exercisable notwithstanding the principal’s subsequent disability or incapacity…