Michigan General (Financial) Power of Attorney Form
A Michigan General (Financial) Power of Attorney (POA) carries one notable characteristic that differentiates it from a Durable POA—it will end (rather than endure) upon the Principal’s incapacity. This makes a General POA the best option for anyone who only wants their Power of Attorney to only remain in effect when they are in sound mental and physical health. In terms of the area this particular Power of Attorney covers, it is designed to delegate financially-focused decision making powers from a Principal to an Attorney in Fact.
State Laws & Signing Requirements
State Laws – Estates and Protected Individuals Code
Signing Requirements – Although there are state mandated signing requirements for a Durable Power of Attorney, none are specified for a General POA. As signing requirements are imposed to protect the interests of all parties involved, it is recommended that any Principal to a General POA follow the requirements of a Durable POA. That is, as stated by § 700-5501, the Principal should sign the POA in the presence of two (2) witnesses and/or have their signature acknowledged before a Notary Public.