What is involved in being someone’s power of attorney?
Your duties as an agent vary based on the type of arrangement. In all cases, an agent must make all decisions on behalf of their principal through the lens of the principal's best interests. Some agents may only need to handle financial decisions, while others will only be responsible for medical decisions. You should meet with the principal's attorney to determine exactly what the expectations and limitations of your role are.
Are there different kinds of power of attorney?
Yes, there are four different kinds of power of attorney. There is a general power of attorney which gives broad discretion to the agent to act as the principal. There is also a durable power of attorney which applies when the principal become incapacitated but then remains in effect. A special or limited power of attorney can be used to grant authority for a specific/limited task. Michigan also have a springing power of attorney.
