Will and Power of Attorney-How?

Edwards Finance > Wills

Q. I have advanced to the age where I believe I should have a will and a power of attorney document. I am single, living in Wisconsin. Are these documents one should go to an attorney for or are they just as well done other-wise? If other-wise, how does one accomplish the deed?

A. - you should see an attorney for them--I've seen too many "other-wise" documents done incorrectly. The good news is that both a will and a power of attorney are fairly inexpensive, even when prepared by an attorney. Also, an attorney can make sure that all your assets are held in the best form for estate planning purposes. This is important, because a will doesn't always cover things like joint tenancy property, life insurance, or retirement benefits, to name a few. You should also ask about a durable power of attorney for health care. -There are lots of do-it-yourself will packages on the market (including software). I would advise, however, contacting an attorney. Many attorneys do wills and accompanying documents for a straight fee (usually very reasonable), and with an attorney you get the advantage of a living breathing person who knows something about wills and probate in your state and county, and can advise you on particular issues you may want addressed in your will.

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