If you live in Milwaukee, Wisconsin, and are considering estate planning, it is important to ensure that you have a durable power of attorney in place. A durable power of attorney is a legal document that allows you to appoint someone to make decisions on your behalf if you become incapacitated or otherwise unable to make decisions for yourself. This article will explain what a durable power of attorney is, why it is important, and how you can work with a lawyer to create a durable power of attorney in Milwaukee, Wisconsin.
Understanding Durable Power of Attorney
A durable power of attorney is a legal document that allows you to appoint someone to make decisions on your behalf. This person is called your agent or attorney-in-fact. You can choose to give your agent broad authority to make decisions on your behalf, or you can limit your agent's authority to specific types of decisions. In either case, your agent has a fiduciary duty to act in your best interest and must follow your instructions, as set out in the durable power of attorney document.
One important feature of a durable power of attorney is that it remains in effect even if you become incapacitated. This means that if you are unable to make decisions for yourself, your agent can step in and make decisions on your behalf. Without a durable power of attorney in place, your family may need to go to court to obtain a guardianship or conservatorship, which can be time-consuming and expensive.
Why Durable Power of Attorney is Important
Creating a durable power of attorney is an important part of estate planning because it ensures that someone you trust is able to make decisions on your behalf if you become incapacitated. It can also help to avoid the need for a guardianship or conservatorship, which can be stressful and expensive for your loved ones.
By creating a durable power of attorney, you can ensure that your affairs are managed in accordance with your wishes, even if you are unable to make decisions for yourself. This can include managing your finances, paying bills, and making medical decisions on your behalf.
Contact a Lawyer to Create a Durable Power of Attorney Milwaukee, Wisconsin
If you live in Milwaukee, Wisconsin, and are considering creating a durable power of attorney, it is important to work with an experienced attorney. A lawyer can help you to create a durable power of attorney that meets your needs and ensures that your wishes are carried out.
At Heritage Law Office, our experienced estate planning attorneys in Milwaukee can help you to create a durable power of attorney that meets your unique needs. We will take the time to understand your situation, answer your questions, and provide you with guidance on the legal options available to you.
Contact us today either online or at 414-253-8500 to schedule a free consultation and learn more about how we can help you with your estate planning needs. Whether you need a durable power of attorney, a will, a trust, or other estate planning documents, we are here to help.