Do You Need A Power of Attorney?

Most people know that estate planning is an important decision that helps families pass assets to the next generation. However, many people do not take advantage of all of the aspects of estate planning, including the benefits of having powers of attorney for both their finances and their health. These are some of the most important documents for anyone age 18 or older because they allow someone else to make decisions for you while you are alive but incapacitated, including health and financial decisions. Michigan residents should consider creating powers of attorney as part of their estate plans to ensure their wishes are followed, regardless of their physical or mental conditions.

For over 30 years, the attorneys at the law firm of O'Reilly Rancilio have helped clients in Macomb County and the surrounding Detroit metropolitan area with a broad range of estate planning-related matters.

Types of Powers of Attorney

There are several common types of powers of attorney, and, together with a will or trust, they can protect you, your assets, and your financial obligations should you become incapacitated. These documents are typically known as “General Durable Power of Attorney”, which typically allows someone to conduct business or handle your financial affairs if you are incapable of doing so, and “Health Care Power of Attorney”, which typically allows someone to assist you with medical decisions and, if necessary, end-of-life decisions.

If you would like to learn more about powers of attorney or you have a question about another matter related to estate planning or probate in Michigan, you can turn to the experienced lawyers at O'Reilly Rancilio.