Recent Changes to Michigan's Durable Power of Attorney Law
In an effort to combat fraud, misrepresentation and error, Michigan recently made significant changes to Michigan's Power of Attorney laws.
Now, Michigan law requires that the designated attorney or agent who is appointed to act pursuant to a Durable Power of Attorney for finances that was drafted after October 1, 2012, execute an acknowledgment of legal responsibilities before that agent can exercise authority under each individual durable power of attorney. The acknowledgement must meet the specific requirements set forth in the Michigan statutes.
The revised Michigan statute now also requires the document to be witnessed by two people and notarized.
As your Michigan probate lawyer and estate planning lawyer, our attorneys can assist you in updating your Durable Power of Attorney to make sure it is up-to-date with Michigan laws to avoid any potential problems in the future.