In Michigan, a Patient Advocate Designation (often referred to as Durable Power of Attorney for HealthCare) allows you to name another person to carry out your medical wishes for you in the event of your incapacitation. You can revoke your power of attorney for finance once it has been activated when you regain your competency by signing a document which says the power is revoked.
If you want the device to remain in place if you become unable to make decisions for yourself, it will need to include a statement which makes it “durable.” However, this same device can be made a springing power of attorney by including language which only permits it to come to life under specific conditions. In most cases, the circumstance which precipitates the activation of this power of attorney will be your (the principal’s) incapacitation. This allows the agent, or person with your power of attorney, to manage your financial affairs as long you are competent. In Michigan, you can create a power of attorney for finances which allows another person to manage your financial affairs and can take effect immediately after it is signed by you(the principal). When a power of attorney only becomes active when a certain event occurs it is considered a “springing” power of attorney as it only springs to life under specific conditions.
The term power of attorney can be used to describe various legal documents which grant another person authority to act on your behalf. Depending on how a power of attorney is constructed it might be effective immediately or at some point in the future.
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