A Michigan limited power of attorney is a legal instrument that allows an individual to designate an agent to perform specific financial duties on their behalf. This document strictly limits the agent’s authority to the duties explicitly detailed by the principal (the person granting the power).
It is commonly employed to authorize tasks like property transactions, and its validity typically ends upon the completion of the specified task or at a pre-determined date. For effectiveness, it requires clear definitions of tasks, accurate information, and proper signatures.
Legal Considerations
Statute – Michigan Uniform Power of Attorney Act (§§ 556.201—556.505)
Signing Requirements – § 556.205 – Principle and a notary public or two witnesses.
Related Forms
