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However all three states agree that the power of attorney must be in writing.
Wisconsin durable power of attorney requirements. 08 2016 limitation on agent s authority an agent who is not my spouse or domestic partner may not use my property to benefit the agent or a. The durable power of attorney is a signed and notarized document by which one person the principal gives another person an agent authority to act on the principal s behalf. Uniform power of attorney for finances and property 2017 18 wisconsin statutes updated through 2019 wis. Executed by one who is at least 18 years old and of sound mind.
Getting a durable power of attorney will require the principal to find someone that they can trust to handle their assets if they should not be able to handle it themselves. The wisconsin durable power of attorney form grants an agent the authority to represent another individual and make financial decisions on their behalf. Wisconsin power of attorney for finances and property page 3 f 00036 rev. The durable power of attorney is a signed and notarized document by which one person the principal gives another person an agent authority to act on the principal s behalf.
The individual executing the power of attorney is known as the principal and the person they select as their financial representative is called an attorney in fact or agent. Of health services wi power of attorney for finances property form wi dept. The individual executing the power of attorney is known as the principal and the person they select as their financial representative is called an attorney in fact or agent. The wisconsin durable power of attorney form grants an agent the authority to represent another individual and make financial decisions on their behalf.
This means that the person s selected should be trustworthy fully capable to make decisions and handle the affairs of the principal. The authority may be general giving the agent broad. The authority may be general giving the agent broad power to make decisions or limited giving the agent the power to do one or more specific things. Illinois indiana and wisconsin all have different requirements for drafting a statutory durable power of attorney.
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