Michigan Estates and Protected Individuals Code, Section 5502 says that an act done by an attorney in fact under a durable power of attorney during a period of disability or incapacity of the principal has the same effect and inures to the benefit of and binds the principal and the principal’s successors in interest as if the principal were competent and not disabled. Unless the durable power of attorney states a termination time, the agent may exercise powers notwithstanding the lapse of time since the execution of the instrument. A durable power of attorney that authorizes the agent to convey or otherwise exercise power over real estate does not need to contain the real estate’s legal description.

Find a legal form in minutes
Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms.