Everyone in Michigan should have an estate plan. People may think that they don't have enough to constitute an estate. Estate planning can ensure that whatever a person leaves behind will be handled according to his or her wishes and not left to the courts to decide. It may also protect one's heirs from unnecessary costs and expenses.
An estate is not just comprised of a last will and testament. There are other documents that can simplify the situation for those entrusted with one's end-of-life care. One such document is a durable power of attorney. This document allows someone to act on a person's behalf should that person become incapacitated. The person designated as power of attorney can manage finances, pay bills and make other financial decisions.