Powers of Attorney
A Durable Power of Attorney appoints an individual to handle your financial affairs should you become incapacitated or simply no longer wish to make financial decisions on your own. A Durable Power of Attorney can be used to avoid a guardianship proceeding should the need arise. Typically under a Power of Attorney your agent has authority to manage, control and dispose of your assets, make gifts, and deal with governmental agencies, such as the IRS. The Durable Power of Attorney is in effect until death, unless it is revoked.
Under a Health Care Power of Attorney, you can appoint an individual or individuals to make health care decisions on your behalf in the event you are unable to do so. Your agent can step into your shoes and make all of the decisions you would make if you were able. Your agent should be fully advised of your wishes regarding possible medical contingencies.
Power of Attorney Lawyers
Giving power of attorney to the right person with the proper legal backing is vital to you or your loved one’s well-being. To make sure Power of Attorney is properly assigned please call Monahan & Johnson, S.C. for Estate Planning in the Beloit – Janesville area. With decades of legal experience, from Wills to Trusts in Beloit, WI, Monahan & Johnson, S.C. are always prepared to ensure the assigned guardian is able to make the right decisions..