Reputable Powers of Attorney Lawyer Assisting Wayzata Families
A power of attorney is a written document that designates an adult other than yourself to make financial, medical, or both kinds of decisions on your behalf. These documents are safeguards in place to ensure your wishes are carried out in the event of emergency, death or a dire health situation. We help our clients decide the best person in their life to make these decisions and draft airtight agreements so there is no confusion when unexpected circumstances arise.
What Can My Power of Attorney Do?
A simple power of attorney only provides for a specific event (such as death) or action (such as executing a will). A durable power of attorney, however, allows your legal guardian to make a broader range of decisions, including ongoing healthcare, should you remain mentally incapacitated for an extended period of time.
You can be as detailed or as vague as you like in your documentation, but some common actions people delegate to others in their powers of attorney include, but are not limited to:
- Filing taxes
- Buying or selling property
- Depositing or withdrawing funds
- Deciding on healthcare treatments
Planning Ahead for the Future
This type of advanced planning is one important aspect of your overall estate plan. Most people designate their spouse, parent, sibling, business partner or even financial planner to be their power of attorney designee. We find that clients who have these in place have greater peace of mind and fair far better in difficult situations than those who don’t. Working with the qualified attorney at Waldron Law Offices, Ltd. means you don’t have to worry about what lies ahead.