Durable Power of Attorney Lawyers in Detroit

Assisting Clients With Durable Power of Attorney Matters in Michigan 

At Hubbard Snitchler & Parzianello, we understand the importance of planning for the future. Our experienced attorneys are skilled in handling all aspects of estate planning, including creating a Durable Power of Attorney (DPOA). This legal document is crucial as it allows you to assign someone to manage your financial affairs if you become incapacitated or unable to make decisions on your own.

Don't wait until it's too late. Contact our Detroit durable POA attorney lawyer online or dial (313) 546-9685 to request a consultation. We offer free, no-obligation consultations.

What is a Durable Power of Attorney (POA)?

A durable power of attorney is a legal document that allows you (the principal) to appoint an agent or attorney-in-fact who can handle your financial and medical affairs on your behalf when you cannot do so yourself due to mental or physical incapacity. This authority remains effective even if the principal becomes incapacitated, hence its durability.

What Are the Benefits of Durable Power of Attorney?

The benefits include:

• Flexibility in Delegating Authority: One of the significant advantages of a durable power of attorney is its flexibility. With a DPOA, you can define specific powers for your agent based on your needs. For example, a financial DPOA might allow your agent to manage your bank accounts, pay bills, and handle investments, while a healthcare DPOA grants them the authority to make medical decisions in line with your healthcare preferences. This level of customization ensures that the DPOA only extends the powers necessary for your circumstances, making it adaptable to various life situations.
• Protection During Incapacity: An unforeseen injury or illness can leave you temporarily or permanently unable to make decisions. In such cases, a DPOA ensures that someone you trust is legally authorized to step in and make crucial choices on your behalf. Without a DPOA, your loved ones may be forced into a lengthy and costly guardianship process through the court, which could result in delays in decision-making. By preparing a DPOA, you provide immediate authority to your agent, sparing your family the time and expense of going through court proceedings.
• Safeguarding Your Financial Interests: Financial matters often require prompt action, especially if you are temporarily unavailable or incapacitated. With a durable power of attorney, your agent can manage your finances seamlessly. They can oversee bank accounts, handle investment decisions, file taxes, and manage real estate or business interests. This continuity in financial management helps prevent financial losses that might otherwise occur if accounts or investments are left unattended or bills go unpaid due to incapacity. A DPOA also guarantees that an experienced, trusted individual will protect your assets and financial interests.
• Maintaining Healthcare Preferences: A healthcare durable power of attorney enables your agent to make healthcare decisions that align with your personal values and medical preferences. Your agent can work closely with healthcare providers to make informed choices about treatment plans, medications, surgeries, and more. With a DPOA, you can ensure that your wishes are respected when you cannot communicate them yourself. This safeguard is essential in critical medical situations, where quick and informed decisions are necessary to protect your well-being and dignity.
• Avoiding Family Disputes: Disputes over decision-making can arise in families when loved ones are uncertain of your wishes or are unclear about who has the authority to act on your behalf. A DPOA clarifies your choice of agent and the scope of their powers, helping to prevent misunderstandings or conflicts among family members. By formally designating a trusted agent and outlining their responsibilities, a DPOA minimizes the potential for disputes and provides clear instructions, which can alleviate family tensions and stress during challenging times.
• Convenient Management of Business and Personal Affairs: If you own a business or manage significant personal assets, a durable power of attorney allows for the seamless continuation of operations. Your agent can make decisions to keep your business running, manage employees, negotiate contracts, and handle day-to-day business operations if you’re incapacitated or otherwise unavailable. This proactive approach safeguards your business interests and ensures minimal disruption, preserving the value of your business and securing the livelihood of your employees.