Power of Attorney in Kalamazoo

Need Power of Attorney in Kalamazoo, MI?

Comprehensive estate planning is about more than making sure your wishes for your assets are clearly laid out. In the event that you are incapacitated or otherwise unable to make decisions about your health and/or finances, it is important to have a plan in place to ensure someone you trust has the power to make those decisions.

Powers of attorney are quickly becoming a must-have document in any estate plan. But, as with any estate planning document, a poorly drafted power of attorney has little value. At Willis Law, you can rely on our experienced Kalamazoo power of attorney lawyers to make sure your power of attorney documents are tailored to your unique circumstances and goals.

Call Willis Law at 888-461-7744 or contact us online today to learn more about powers of attorney in Michigan or to schedule a free consultation. 

What Is A Power of Attorney?

A power of attorney is a legal document that grants someone else the authority to act on behalf of another person in certain matters. The person granting the power of attorney is referred to as the "principal," while the person receiving the authority is called the "agent" or "attorney-in-fact."
The power of attorney can be broad or limited, depending on the specific powers granted. It can cover financial transactions, property management, healthcare decisions, or other legal matters. The principal has the ability to define the scope and duration of the power of attorney.
It is important to note that a power of attorney only remains valid while the principal is mentally competent. If the principal becomes incapacitated, the power of attorney may be revoked or transferred to a different agent through a court process. 

Responsibilities That Come Along With A Power of Attorney 

Here are some common powers and responsibilities that a power of attorney may grant to the agent:

• Financial Matters: The agent can manage the principal's finances, including banking transactions, paying bills, managing investments, and handling tax-related matters.
• Property Transactions: The agent can buy, sell, or manage the principal's real estate, vehicles, and other assets.
• Legal Matters: The agent may have the authority to engage in legal proceedings, sign legal documents, and represent the principal in legal matters.
• Healthcare Decisions: A healthcare power of attorney grants the agent the authority to make medical decisions on the principal's behalf if they become incapacitated or unable to make their own healthcare choices.

It's important to note that a power of attorney can be general or specific. A general power of attorney grants broad powers to the agent to act on the principal's behalf in various matters, while a specific or limited power of attorney grants authority only for specific transactions or areas of responsibility.