![]() Please remember your Durable Power of Attorney does not have to be the same person as your Patient Advocate. To receive funds, deposit funds in any financial institution, and make withdrawals by check or otherwise to pay for goods, services, and any other personal and business expenses for my benefit. That is why Lynch Law recommends also drafting a Patient Advocate Designation. If your agent has only a Durable Power of Attorney, it does not control your medial wishes or directives. However, a Durable Power of Attorney is limited to mainly financial or business decisions. This document will allow you to designate someone as your financial power of attorney. It is a powerful document that is designed to prevent a Court or an appointed guardian from determining your financial future, should the worst happen. The Michigan Durable (Financial) Power of Attorney sets up a system where somebody has the legal right to perform duties in the name of another. This is a durable power of attorney (POA), meaning it remains. Your agent’s power can be as broad or as restrictive as you wish. For residents of CA, ME, MI, or PA: The additional notices at the end of this form have. ![]() A Durable Power of Attorney allows you to designate an agent with certain powers, including financial and business decisions, in the event you become incapacitated or mentally incompetent. However, there are times when you need to plan for health challenges, or an accident, or if you find yourself in a position where you are unable to make financial, legal or health decisions either temporarily or permanently. You manage your own affairs for as long as you can and as well as you can.
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