Whether you are a young, unmarried individual, or one-half of an elderly married couple with grown children, one document can make your life less complicated—a power of attorney (POA). The attorney at Alan A. Panek Law Office, S.C. in Wisconsin Rapids, Wisconsin, explains how a power of attorney, simplifies legal, financial, health, and general business matters should you become incapacitated.

A power of attorney is a formal legal document giving the person of your choosing, called the agent or attorney-in-fact, the authority to make decisions for you. The document can be general, covering a variety of matters, or specific, covering a single transaction or category of transactions.

Here’s why you need a power of attorney:

Unforeseen Health Events: Events such as strokes, auto accidents, falls, or other catastrophic injuries or illnesses can occur at any time, to adults of all ages. Having a general power of attorney in place means someone is authorized to act on your behalf with general business matters when you are physically or mentally unable to do so.

Mental Incapacity: A durable power of attorney is one that remains in effect if, due to mental incapacity, are no longer able to make decisions. The agent under this POA must be able and willing to handle wide-ranging responsibilities over a long period. Drafting a health care power of attorney enables a person you trust to make medical decisions on your behalf if you are unconscious or otherwise unable to act.

Unavailability: A power of attorney is convenient for handling a particular type of event. For example, you can give your attorney-in-fact the authority to conduct residential and commercial real estate transactions when you are out of town or pursuing other general business matters.

At the Alan A. Panek Law Office, S.C., our skilled attorney will work with you to draft a power of attorney that meets your specific needs and goals. You leave the office having peace of mind and a more simplified life for you and your loved ones. 

If you feel it’s time to create a power of attorney, call (715) 421-4900 today to schedule your initial consultation at their Wisconsin Rapids, Wisconsin, office. Visit their website for more information about their practice areas.