Durable Power Of Attorney For Finances Page 4
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58.
P
P
- To hold personal property for safekeeping, and to buy
ERSONAL
ROPERTY
and sell personal property, including motor vehicles.
9. L
A
P
- To obtain and pay for legal advice, to
EGAL
DVICE AND
ROCEEDINGS
initiate or defend legal and administrative proceedings on my behalf, including actions
against third parties who refuse without cause to honor this document.
1 0. E
- My agent has no authority to make or amend a will on my
STATE PLAN
behalf, and has no power to make gifts on my behalf except to my spouse. My agent has
access to my will; in exercising powers, my agent shall take into account my estate plan
as known to the agent.
S
I
PECIAL
NSTRUCTIONS
On the following lines are any special instructions limiting or extending the powers I
give to my agent. ______________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
O
P
THER
ROVISIONS
No person in Michigan or in any other state who relies upon representations of
my agent under this durable power of attorney shall be liable to me or my estate without
actual knowledge my agent did not have power to act.
My agent shall not incur any liability to me under this power except for a breach
of fiduciary duty.
My agent is entitled to reimbursement for reasonable expenses incurred in
exercising powers, and to reasonable compensation for services as agent.
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