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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.
An ordinary power of attorney (OPA) is a legal document in which someone (the donor) gives another person (the attorney) the right to help them make decisions, or take decisions on their behalf. It can also be called a general power of attorney. An OPA can only be used if the donor has mental capacity.
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.
Here are examples of the types of Alberta POAs that you may need:Specific Power of Attorney. A specific power of attorney is the simplest power of attorney.General Power of Attorney. A general power of attorney is used to give a very broad term of use to the attorney.Enduring Power of Attorney.Durable Power of Attorney.
Here are the basic steps to help a parent or loved one make their power of attorney, and name you as their agent:Help the grantor decide which type of POA to create.Decide on a durable or non-durable POA.Discuss what authority the grantor wants to give the agent.Get the correct power of attorney form.More items...?
A power of attorney gives the attorney the legal authority to deal with third parties such as banks or the local council. Some types of power of attorney also give the attorney the legal power to make a decision on behalf of someone else such as where they should live or whether they should see a doctor.
You can limit the power you give your attorney so that they can only deal with certain assets, for example, your bank account but not your home. An ordinary power of attorney is only valid while you have the mental capacity to make your own decisions.
Attorneys in Michigan charge a wide range of fees for powers of attorney depending on the going rate in their location and their level of experience. Many will charge between $200 and $350 per document, but other attorneys may charge an hourly rate for their work.
Steps for Making a Financial Power of Attorney in MichiganCreate the POA Using Software or an Attorney.Sign the POA in the Presence of a Notary Public or Two Witnesses.Store the Original POA in a Safe Place.Give a Copy to Your Attorney-in-Fact or Agent.File a Copy With the Register of Deeds.More items...
The Attorney of a General/Ordinary Power of Attorney can retire at any time. In an Enduring Power of Attorney, the Attorney can only retire with the consent of the Court. The Donor can revoke a General/Ordinary Power of Attorney at any time.