Wife had stroke, Husband seeks legal authority to manage finances

My wife recently had a stroke, it has left her incapcited I need to know how to get power of attorney for myself and a daughter

First, we must discuss “incapacity” as it relates to your wife’s loss of brain function and her current mental and physical condition following her recent stroke.

If the incapacity you mention has made her mentally incompetent (a legal, not a medical concept), then she lacks capacity to execute a power of attorney and any power she signed could be void or voidable. In that event and to manage her financial affairs, you would need to initiate a legal proceeding known as a conservatorship proceeding in which you would allege that she is financially incapable and nominated yourself as conservator. As a general rule, courts are reluctant to appoint co-fiduciaries, co-conservators.

If, however, your wife’s loss of brain function has not diminished her cognative ablilities, but instead and for example, has diminished her power of speech or her mobility, then she could execute a power of attorney, assuming she can make her signature or her mark.

 

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All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law.  If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.