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Help for Agents under a Power of Attorney in Michigan

 

Like many people, you may never have been an agent under a power of attorney before. That’s why we created Managing someone else’s money: Help for agents under a power of attorney in Michigan. This guide will help you understand what you can and cannot do in your role as an agent or attorney-in-fact. In that role, you are a fiduciary.

Because the rules about fiduciaries are very complicated, this guide provides brief tips to help you avoid problems, and to give you resources for finding more information. This guide does not provide legal advice. This guide is for family and friends serving as an agent, not for professionals or organizations. This guide does not teach you how to become an agent or attorney-in-fact.


Help for Court-Appointed Conservators in Michigan

 

Like many people, you may never have been a conservator of someone else’s property before. That’s why we created Managing someone else’s money: Help for court-appointed conservators in Michigan. This guide will help you understand what you can and cannot do in your role as a court-appointed conservator. In this role, you are a fiduciary.

Because the rules about fiduciaries are very complicated, this guide provides brief tips to help you avoid problems, and to give you resources for finding more information. This guide does not provide legal advice. This guide is for family and friends serving as a court-appointed conservator, not for professionals or organizations. This guide does not teach you how to become a court-appointed conservator.


Help for Trustees under a Revocable Living/Grantor Trust in Michigan

 

Like many people, you may never have been a trustee under a revocable living trust or revocable grantor trust before. That’s why we created Managing someone else’s money: Help for trustees under a revocable living/grantor trust in Michigan. This guide will help you understand what you can and cannot do in your role as a trustee. In that role, you are
a fiduciary.

Because the rules about fiduciaries are very complicated, this guide has only brief tips to help you avoid problems, and to give you resources for finding more information. This guide does not provide legal advice. This guide is for family and friends serving as a trustee, not for professionals or organizations. This guide does not teach you how to become a trustee.


Help for Representative Payees and VA Fiduciaries in Michigan

 

Like many people, you may never have been a representative payee or VA (Veterans Affairs) fiduciary before. That’s why we created Managing someone else’s money: Help for representative payees and VA fiduciaries in Michigan. This guide will help you understand what you can and cannot do in your role as a representative payee or VA fiduciary. In both these roles, you are a fiduciary.

Because the rules about fiduciaries are very complicated, this guide has brief tips to help you avoid problems, and gives you resources for finding more information. This guide does not provide legal advice. This guide is for family and friends serving as a representative payee or VA fiduciary, not for professionals or organizations. This guide does not teach you how to become a representative payee or VA fiduciary.

These guides were adapted from the Consumer Financial Protection Bureau’s (CFPB) Managing
Someone Else’s Money guides. The CFPB has not reviewed or approved the content in this guide and the CFPB does not endorse the final product.

Sixty-Plus, Inc. prepared this guide with financial assistance from Western Michigan University-Thomas M. Cooley Law School, Lansing Area Community Trust, and Capital Region Community Foundation to include information about Michigan state law and resources.

Managing Someone Else’s Money in Michigan is supported by the Prevent Elder and Vulnerable Adult Abuse, Exploitation, Neglect Today (PREVNT) Initiative state fund grant awarded to Sixty Plus, Inc. Elderlaw Clinic from the Aging and Adult Services Agency/Michigan Department of Health and Human Services (AASA/MDHHS).

The information or content are those of the authors and should not be construed as the official position or policy of, nor should any official endorsement be inferred by the AASA/MDHHS.