Power of Attorney: What They Do and Why You Need One

power of attorneyA power of attorney can be a useful and effective estate planning tool. By having a power of attorney, you can receive assistance in handling different financial affairs. You can also make know your wishes about certain estate issues. To learn how a power of attorney may benefit you, contact the Milwaukee estate planning lawyers from McLario Helm Bertling & Spiegel.

What can you do with a power of attorney?
Through a Wisconsin power of attorney, you can appoint an individual and authorize them to handle certain issues on your behalf. This may include the ability to sign documents on your behalf, acquire and sell assets, and enter into other transactions for you. A power of attorney may grant as broad or limited authority as you desire. Through a power of attorney, you may also designate certain persons to act as conservator over your assets, in the event you became incapacitated. A power of attorney is revocable, so it can always be terminated or modified if needed.

Why do you need a power of attorney?
With a Wisconsin power of attorney, you can be more effective in handling certain affairs related to your assets and finances. This can be especially important if your health declines and it becomes difficult to take care of various issues. The person who is appointed as your power of attorney has certain fiduciary duties and can only act as they are authorized in the document, so you can be reassured that they will act diligently in their duties. Through a power of attorney, you can protect against uncertainties that may arise in the future.

To learn more about how a power attorney may benefit you, contact our Milwaukee estate planning lawyers. At McLario Helm Bertling & Spiegel, we will help you develop a comprehensive and effective estate plan and answer your questions.

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