The entire country was shaken last month when it was announced that famous singer Prince had died. People from all over the world enjoyed his music for decades and were heartbroken to learn that he had passed. Following the initial shock, the world learned that Prince also died without an estate plan.
The potential for abuse with a power of attorney
When people face incapacitation in life it can be a real challenge. People have to learn to rely on others in order for their most basic needs to be met. This doesn't just include people's basic needs -- like housing or food -- but it also includes people's financial affairs. Elderly people, in particular, may need help managing their finances if they begin to lose the ability to help themselves.
What is a durable power of attorney?
Michigan residents can suffer from a variety of serious health issues. These issues can progress slowly or quickly and take away a person's ability to make decisions on the person's own behalf. When this happens, Michigan residents may need friends or family members to make important medical decisions for them. Otherwise, people may be left without being able to have a voice in their own treatment.
