September 1, 2010
Wisconsin enacted a new law for Financial and Property Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. documents effective as of September 1, 2010. Chapter 244 of the Wisconsin Statutes has been enacted and is now effective. This new law for Financial and Property Powers of Attorney, including Durable and Non-Durable Power of Attorneys, has important ramifications for how new Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. documents should be drafted.
Many of the provisions willA written document that sets forth and names the personal representative who will be in charge of overseeing the probate process and names the specific bequest and residual beneficiaries of property who are to receive and inherit assets and property through probate. A Will does not avoid probate, and must be properly drafted and executed to be legal. A Will can also avoid the use of a surety bond in many instances and can help utilize an “informal” Wisconsin probate process if it has the proper clauses and attestation clause. be helpful in obtaining the consent of banks and other organizations in the acceptance of properly drafted Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. documents. In addition, sanctions can result against the institution, bank or broker, if an attorney properly drafts and certifies the Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. but an institution refuses to accept the documents for reasons such as the “document is too old” or not on the institutions “approved” form.
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A properly crafted estate plan can give you peace of mind, knowing your assets and family are well protected. Our estate planning lawyers will help you get there.
There are also many other changes that can effect how a Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. is interpreted, including the powers of co-agents, a spouse’s powers in the event of divorce, the durability of the Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney., and a domestic partners rights. It is important that your attorney is up to date on all of the provisions contained in the new Chapter 244.
Our experienced and knowledgeable attorneys can help you review your old Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. and update or create a new Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. if necessary or advisable. For a review of your Power of AttorneySee Power of Attorney for Health Care, Financial Power of Attorney, and Durable Power of Attorney. or to create a new one, or for a general review of your Estate Planning, please contact us.