Farmington, MI asked in Estate Planning for Michigan

Q: Parents giving me Power of Attorney. Do I need an agreement for each or one agreement with both names?

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1 Lawyer Answer

Trent Harris

Answered
  • Estate Planning Lawyer
  • Jackson, MI
  • Licensed in Michigan

A: I suppose it's legally possible, at least in theory, for one power of attorney agreement to be used for two people. But the custom is to have one agreement for each person. If you had a POA agreement with two people on it, you might run into trouble getting it honored by banks, financial institutions, title agencies, etc. because that's not something they are used to seeing. It's better to err on the safe and conventional side, and give them something familiar.

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