Be Clear on Your Objective |
This first step is actually the most important. You need to have a clear understanding of why you need a durable financial power of attorney. Most people get one of these made so that they can protect their family if they become incapacitated and can’t make financial decisions on their own.
For example, imagine that you got severely injured, but your family didn’t have access to your bank accounts to pay the bills. What would they do in this situation?
To avoid this, people will make a durable financial power of attorney that gives someone they trust access to their financials so they can pay bills and manage their money if such an instance arose.
Visit an Estate Planning Attorney’s Website
Estate planning attorney’s advise people and draw up powers of attorney for clients every day. If you are looking for more information on how this type of legal document works and the benefits it can provide, you should seek out the website of one of an estate planning lawyer.
Often times they will write blog posts that provide useful information to website visitors. This can also be helpful because it will give you an idea of who the experts are in your local area in case you need assistance drafting one of these documents.
It’s not recommended that you try and draft a power of attorney yourself because if it is drafted improperly and is not legally binding, it won’t perform properly in case of emergency.
Youtube is an excellent resource for learning about different types of legal documents. Some people think that this platform is only used to find funny videos of cats while sitting behind the computer at work.
But this couldn’t be further from the truth. Youtube is actually the second largest search engine in the world – second only to Google.
Because of this fact, a lot of attorneys will make videos explaining different legal topics. Sometimes it’s easier to just watch a simple video vs reading an in depth article.
Schedule an Initial Consultation
The best way to understand how a durable financial power of attorney Michigan can help you is to ask a professional. Speaking with a professional estate planning attorney can help make sure that the information is specifically catered to your unique situation.
What may be right for your neighbor might not be right for you. If you speak with an attorney about your goals, they can often help you understand if a power of attorney is right for your unique situation, or whether you need something more extensive in place.
Most estate planning attorneys offer initial consultations, so don’t hesitate to reach out to one. If you find that you like the attorney and they gave you useful information, you can always have them draft the document for you to make sure it’s legally binding.
Author can be reached through rochesterlawcenter.com
About Author -Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business law and elder law .Jim Turner does his best writing on these topics that helps users to find the best solutions to their FAQ on estate planning , probate , living trust and more about legal family issues .
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