They must be aware of the principal’s wishes and be able to carry them out without considering their own. Typically, this is a person who is very close to the principal and willing to take on the significant responsibility of rejecting or accepting health care treatment for another person. It should be noted that the information provided here is not an adequate replacement for the advice of a certified attorney who is well versed in estate law.Ī Health Care Agent (also referred to as a proxy or attorney-in-fact) is a trusted individual who can make decisions on behalf of the principal with regard to the medical treatment they receive once incapacitated. This step-by-step guide illustrates the path one might take when planning for the distribution of their estate and management of their affairs once incapacitated. How to Create an Estate Plan in Wisconsin (6 steps) A Last Will and Testament or a (Revocable) Living Trust, what most people think of when they hear “estate planning,” are the documents used to pass on an estate to beneficiaries following the owner’s death. The election of such individuals can be accomplished through a Durable Power of Attorney and a Medical (Health Care) Power of Attorney. When one is selecting financial and health care agents, they must choose someone trustworthy and accountable who can manage their medical treatment and finances once the time comes. The process of estate planning involves naming beneficiaries, defining assets, naming executors, trustees, and attorneys-in-fact, deciding on end-of-life care, and generally planning for the loss of decisional capacity. A Wisconsin estate planning checklist is a list of documents and steps one can use to organize their affairs for the end of their life.
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