What are the Different Powers of Attorney in Wisconsin?
In Wisconsin, there are different types of powers of attorney available to assist persons with various issues. A power of attorney is a legal document that delegates certain powers to a third party and authorizes that person to act on your behalf. A Wisconsin Estate Planning Lawyer can help you determine if a power of attorney would be beneficial.
Durable power of attorney for finances and other property
A durable power of attorney for finances and other property designates a person who is authorized to handle certain financial matters. This may include signing legal documents, transacting business, writing and withdrawing bank funds, transferring property, etc. In this type of power of attorney, you can limit the authority to only specific types of actions or provide complete authority to the third party.
Power of attorney for health care
This power of attorney allows a person to designate an agent to make decisions related to your health. This is especially important if you ever are in a state of incapacitation and are unable to express your wishes. Through this power of attorney you can also set forth how certain medical decisions are to be addressed.
Power of attorney delegating parental power
A Wisconsin Power of Attorney lawyer can help you prepare a power of attorney that delegates your parental powers to a third party. This can be useful when third parties are providing care for your children and may need to take action for the benefit of your child in your absence.
For each type of power of attorney, the person who is designated as your agent has an obligation to act in good faith. A power of attorney can be revoked at any time and may have limitations on the period of time in which it is valid.
A Wisconsin estate planning lawyer from McLario Helm Bertling & Spiegel S.C can assist with preparing and addressing issues related to a power of attorney. Call us to schedule a consultation appointment.
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