Michigan's New Power of Attorney Law: Your Crucial Guide - Advice From Your Advocates - Ep. 37

Understanding Michigan's New Durable Power of Attorney Law of 2024 - Advice From Your Advocates Podcast: Episode #37
In this conversation, Attorney Bob Mannor and Attorney Kelli King-Penner discuss the importance of durable power of attorney and a brand new law regarding POA in Michigan. In this episode, they highlight the enforceability of power of attorney documents and the need to consult a qualified attorney for proper guidance. They also emphasize the significance of extraordinary powers, the potential issues with improperly filled forms, and much more!
Episode Takeaways:
Durable power of attorney is a crucial document that allows someone to manage financial assets on behalf of another person who is unable to do so themselves.
The new law on durable power of attorney in Michigan aims to provide consistency and enforceability across states and financial institutions.
It is recommended to update the power of attorney with a qualified attorney to ensure functionality and compliance with the new law.
Separate financial and medical power of attorney documents should be used, as they are controlled by different statutes and serve different purposes.
Listen to Advice From Your Advocates wherever you get your podcasts or directly on our website: www.mannorlawgroup.com/podcast.
Host: Attorney Bob Mannor, CELA
Guest: Attorney Kell KIng-Penner
Executive Producer: Savannah Meksto
Assistant Producer: Miranda Donaldson