Does the DPOA of Health Care grant one the power over financial assets? 5 Answers as of April 22, 2014

Does the DPOA of Health Care also grant the power to withdraw assets from a loved one's bank account? How about after the loved one dies? If the loved one dies without a DPOA, does family have a right to bank assets of the loved one if there was no will and there is no DPOA?

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Law Offices of Jeffery L. Fanto
Law Offices of Jeffery L. Fanto | Jeffery L. Fanto
A standard Health Care Power of Attorney has to relation to the assets of an individual.
Answer Applies to: Michigan
Replied: 4/22/2014
Frederick & Frederick PLC | James P Frederick
No. You need a separate POA for financial matters. The health care form deals ONLY with medical treatment matters. You CAN have a General Durable Power of Attorney that handles both financial and medical powers. A health care form would not do both, however.
Answer Applies to: Michigan
Replied: 4/22/2014
Hamblin Law Office | Sally Hamblin
Absolutely not. A medical POA is for medical purposes only and only used when that loved one is not capable to make medical decisions per the doctor. Regarding money issues after a person dies is ordered by the probate court if other estate planning tools not in place.
Answer Applies to: Michigan
Replied: 4/22/2014
Musilli Brennan Associates PLLC
Musilli Brennan Associates PLLC | John F Brennan
No, no, no and no. All assets individually titled go into the deceased 's estate. See an attorney with the details.
Answer Applies to: Michigan
Replied: 4/21/2014
James T. Weiner & Associates, P.C.
James T. Weiner & Associates, P.C. | James T. Weiner
A Durable power of attorney for health care ONLY grants the right to make health care decisions in the absence of the grantor.. it grants no other rights a DPOA HC expires when the grantor dies.. To get the bank assets in the absence of a trust someone must file a probate estate and be appointed Personal Representative of the estate.there are simplified procedures for small estates (<$20k or so).
Answer Applies to: Michigan
Replied: 4/21/2014
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