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Create the POA Using a DIY program or an Attorney (You can also use WillMaker to make a will or living trust.) Or you can hire a Michigan lawyer to create a POA for you, though it will cost more. Many lawyers will include durable POAs as part of a more comprehensive estate plan alongside a will or living trust.
Creating a power of attorney in Michigan for financial matters requires that it be dated, signed by either the principal or a notary public on behalf of the principal ing to the requirements of the Michigan Notary Public Act, and either signed in the presence of two witnesses or acknowledged before a notary ...
You must sign a written document that says the durable power of attorney is revoked. You should sign the document in front of a notary public or two witnesses, but that is not required. Deliver your signed document to your agent and to anyone with whom your agent is dealing (for example, your bank).
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
Creating a power of attorney in Michigan for financial matters requires that it be dated, signed by either the principal or a notary public on behalf of the principal ing to the requirements of the Michigan Notary Public Act, and either signed in the presence of two witnesses or acknowledged before a notary ...
The person who signed the power of attorney form can revoke the agent's authority if they are of sound mind. They can draft a new document to take power of attorney away from one person and grant it to an alternate agent.
The durable power of attorney must either be notarized (in practice this is preferred) or witnessed by two persons who are not the agent (the person who may act for the principal). The witnesses must also sign the power of attorney.
The cost of hiring a legal provider to make a Power of Attorney can total between $200 and $500, based on your location.