Financial Powers Of Attorney
We all prefer to retain control over our own money. However, sometimes life circumstances make it necessary to appoint someone else to act on our behalves. In Michigan, a durable power of attorney for finances can allow you to designate someone you trust to make decisions and carry out transactions.
Based out of Westland, Clos, Russell & Wirth, P.C., provides personal legal counsel and assistance to individuals and families throughout the surrounding communities of Michigan. Our lawyers have more than 15 years of experience with financial powers of attorney and other estate planning tools. They also share a commitment to prompt communication, responding in a timely and forthright manner to any questions or concerns.
What Are The Benefits Of Creating Such A Document?
A durable power of attorney for finances allows you to choose an agent. You essentially grant this person the authority to make various financial decisions and transactions, should you be unable to do so. Among the many potential benefits of creating such a document, you can authorize your agent to:
- Attend the closing and sign all the necessary paperwork to sell your house
- Access your bank accounts and transfer funds
- Sign checks in your name to pay bills
- Complete your state and federal tax returns
- Manage your stock options and other investments
If you do not want to grant your agent unlimited power over your money and assets, you can word the document to make it much narrower in scope. Our lawyers can help you craft it appropriately.
Talk To An Estate Planning Lawyer About Your Unique Needs
To discuss the merits of a financial power of attorney document in your particular situation, call Clos, Russell & Wirth, P.C., at 877-354-0660 for a free initial consultation. You can also email our Westland office.