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The Wisconsin General (Financial) Power of Attorney delivers a written commitment authorizing another person to take over managing another individual’s financial affairs temporarily. The granted controls cover a broad scope that can be adjusted as needed to meet an issuing principal’s needs. The form allows the declarant to select the allotted powers to the designated agent. Contained in the document is the option to bestow control over the following tasks:

Buy/Sell Personal or Real Property
Lease Personal or Real Property
Collect/Make Payments
Make Health Care Decisions
Execute Contracts

Additional powers can be extended specifically to designated elements of the principal’s interests, such as taxes, vehicles, and banking transactions. The assumed permissions are identified in the document by the principal, confirming by signing their initials next to the indicated category within the contract.

Laws

Statutes – Uniform Power of Attorney for Finances and Property – § 244-01 – 244-64

Definition – “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used (§ 244-02).

Signing Requirements – Acknowledgment is obligated by a licensed notary professional as outlined in the Wisconsin Statutes § 244-05.