Powers of Attorney are legal forms but not court forms. These documents appoint an “attorney-in-fact” to act for you when you are unable to do so. This person must be at least 18 years old and competent but does not have to be a lawyer and has no authority to bring a lawsuit on your behalf. In the Power of Attorney document, you are known as the “principal.” Powers of Attorney are commonly used for financial and property matters in which your designated person can handle transactions, such as paying bills, depositing checks, signing leases or sales transactions on properties, and more.
A financial Power of Attorney can be created for a specific transaction or for acting on all financial matters. You can designate in the document what the specific powers your attorney-in-fact will have. A Durable Power of Attorney authorizes your agent to make decisions and act on your behalf when you are incapacitated. If a Power of Attorney is not Durable, then it ends after the transactions designated are completed.
A health care Power of Attorney gives your designated person the right to make decisions concerning the type of health care you wish to receive or not receive should you be unable to express your wishes. This type of Power of Attorney is generally also a Durable Power of Attorney.
Wills, also known as Last Wills and Testaments, puts your wishes and instructions into writing in a legal document concerning how you wish your estate and children to be handled should you die. Failure to properly create a will leaves all those decisions up to judges and can lead to disputes among family members and beneficiaries, costing time, money, and stress.
A will provides clarity for those you leave behind as it outlines who you wish to have what and when you wish them to receive it. It can keep out of the hands of individuals assets that you do not want them to have. It allows your heirs to gain access to your property in an easier, faster, and less distressing way than if they have to go through lengthy probate proceedings. Wills also allow you to give gifts to others, to make charitable donations, and ensure any minor children and their inheritances are placed in the care of people you trust.
Our Minnesota wills attorney can ensure that your will is drafted according to Minnesota law, that it covers all aspects of your estate, and that is executed properly to stand up in court.
Turn to Midwest Defense for Wills & Powers of Attorney
Our firm is committed to providing you with top-level legal representation that will meet and exceed all of your expectations. We offer an individualized and personal approach for handling these very sensitive estate matters and pride ourselves on the accessibility we offer and customized solutions based on your unique needs and objectives.
Reach out to our Minnesota Powers of Attorney/Wills attorney at (651) 808-0335 for the legal assistance you need today.