Estate Planning Attorneys in Racine, WI
Helping Secure You & Your Family A Better Future
Have peace of mind about you or your family’s future when you work with trusted attorneys at Knuteson, Hinkston & Rosenberg, S.C. to guide you in estate and will planning. If you need to prepare your will, powers of attorney, a revocable or irrevocable trust, guardianship and conservatorship orders, or other estate planning services, we can handle it for you. Our team of attorneys has the expertise and knowledge to help you sift through your assets, distribute property accordingly, and much more. We will make sure that any documents are executed correctly and fit your personal circumstances.
What is Estate Planning?
What is Durable Power Of Attorney?
The durable power of attorney is also sometimes called a “power of attorney for finances” or “financial power of attorney.” This document designates a trusted person to act as your agent and attorney, and gives that person many general powers. These powers may include, but are not limited to:
- The ability to move money and funds around throughout your financial accounts.
- The authorization to sign contracts or other legal documents on your behalf.
- The power to invest and manage your other hard assets.
The durable power of attorney is usually used for convenience by people who are either mentally or physically incapable of handling their personal matters alone. Since all estate planning documents must be signed while the person executing them is in sound mind, it is important to plan ahead for unforeseen circumstances, such as being simply unavailable or incapacitated by illness.
A durable power of attorney can help prevent the necessity for the local government to appoint a guardian over a vulnerable person. A durable power of attorney allows a trusted person to do everything a formal guardian would be able to do, but in a more private, comfortable, and less expensive manner. Due to the large amount of power over assets and finances that is included in the power of your designated attorney, it is important to choose an individual that you trust in confidence.
Why is a Power of Attorney Beneficial in Healthcare?
What is a Will?
What is a Living Will?
It is impossible to predict the future, or even new medical developments that might become available. Therefore, drafting a living will should be done only after careful thought and consideration. Oftentimes, your estate planning attorney will draft a power of attorney for healthcare to coincide with the living will, so that both documents can cover any future healthcare decisions. You should designate a trusted person to act as your healthcare power of attorney for making any decisions that are unrelated to life-support during a vegetative state.