Prince Law Firm
Call For A Consultation
Toll Free 866-383-1125
Local 248-419-1968

Posts tagged "powers of attorney"

Know what type of power of attorney to set up

When you're thinking of your estate plan, you have to consider setting up a power of attorney for your health care and one for your finances. This might seem like a fairly easy task, but it is one that will require you to make some decisions. One of these is the type of power of attorney you want to set.

Set a plan for your finances if you're incapacitated

There are many things that you have to think about when you set up your estate plan. Many people know that they need to set a plan for their assets and possibly their health care. They might not think about what's going to happen with their financial matters if they're unable to handle those.

Patient advocates and advance directives in Michigan

One important decision you need to make today if you're at least 18 years old is who you want to appoint to make medical decisions for you if you're unable to make them for yourself. You can make your wishes known by doing two things. The first is writing out an advance directive. The second is naming a patient advocate, which is another term for a person who has a health care power of attorney for you.

Financial powers of attorney can be abused

When Michigan residents are planning their estate, they often first think of preparing a will to pass on their assets to family members and other beneficiaries. There are other types of documents that can be important as well, including trusts, advance medical directives and financial powers of attorney. Unfortunately, the latter document can be abused if in the hands of the wrong person.

How an estate plan may change throughout a lifetime

All adults in Michigan should consider an estate plan, even when they are young and have few assets. At first, this may consist mainly of powers of attorney for finance and health care. These documents allow someone, often the parents, to make legal and financial decision on the person's behalf if the person is incapacitated. Assets could be passed with a simple will or using other documents, such as beneficiary designations, depending on what kind they are.

Rights and responsibilities of patient advocates

Estate planning can cover a diverse range of topics. Although many Michigan residents may focus their estate planning needs on drafting wills and establishing trusts, the creation and execution of powers of attorney are important as well. Power of attorney documents discuss what will be done when people can no longer make their own medical and financial decisions.

Preserving one's voice through a healthcare power of attorney

Medical crises can be emotionally taxing on Michigan families. When an individual loses their ability to communicate their healthcare wishes, those who are closest to them can feel the stress of not knowing what to do to protect their ailing relative's wishes. For some, ensuring that every life-saving effort is made to protect their health is important. To others, a dignified and natural death may be preferred.

How do durable powers of attorney work?

It is important to know about Michigan estate documents that can help a resident when they are unable to make decisions and deal with their needs. Some of these cover health and medical matters, while others deal with financial issues. In a durable power of attorney, a person may grant powers to a trusted agent to handle their financial affairs.

Assigning power of attorney and keeping family peace

Without proper planning, dealing with estate matters and handling parent's business and personal matters can become a modern-day Cain versus Abel family dispute. Before executing a power of attorney, family members should understand its powers, its place in estate planning and how sibling powers can be assigned and shared.

Planning can help assure final wishes are met

An estate plan can help assure that a person's assets are preserved and distributed appropriately after their death. Researchers have also discovered that careful documentation of a patient's end-of-life wishes, such as executing a health care power of attorney, can help avoid unwanted hospitalizations and health care intervention.

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office

Prince Law Firm
800 W. Long Lake Road, Suite 200
Bloomfield Hills, MI 48302

Fax: 248-865-0640
Bloomfield Hills Law Office Map

Connect with us

  • Facebook
  • Twitter
  • Linkedin
VISA | Master Card | American Express | Discover Network