Fillable Durable Power of Attorney Document for Wisconsin State

The Wisconsin Durable Power of Attorney form is a legal document that allows individuals to appoint someone else to manage their financial affairs if they become unable to do so. This essential tool provides peace of mind by ensuring that financial matters are handled according to the individual's wishes, even in situations where they can't make decisions themselves. To secure your financial future, consider filling out the form by clicking the button below.

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A pivotal tool in estate planning and management, particularly in Wisconsin, is the Durable Power of Attorney form, which holds significant weight in delegating financial legal authority from one person to another. This form, consciously embedded within Wisconsin’s legislative framework, serves a dual purpose. It not only ensures continuous management of an individual's affairs during unforeseen incapacitation but also fortifies the individual's choices regarding their financial management. By designating an agent, or what is often referred to as an attorney-in-fact, the principal grants the legal permission needed for this appointed person to act on their behalf, encompassing a range of financial activities from handling bank transactions to managing real estate dealings. The enduring nature of the Durable Power of Attorney in Wisconsin remains in effect despite the principal's incapacitation, a feature that distinctly sets it apart from other forms of power of attorney. Through this, it underscores a proactive approach to financial stewardship, embedding autonomy and foresight into personal financial planning. It becomes crucial, therefore, for individuals to meticulously consider their choice of agent, the scope of the powers granted, and the implications of entrusting someone with such significant responsibilities.

Contents

Wisconsin Durable Power of Attorney Example

Wisconsin Durable Power of Attorney

This Durable Power of Attorney is established in accordance with the Wisconsin Statutes, specifically under the section named Wisconsin Statutes Chapter 244 - Uniform Power of Attorney for Finances and Property. This document grants authority to an Agent to make decisions concerning the financial and property matters of the Principal.

The effectiveness of this document is not affected by the subsequent disability or incapacity of the Principal. The rights and obligations under this agreement will remain in effect until it is revoked by the Principal or as otherwise provided by law.

1. Principal Information:

Name: _____________________________________________________
Address: __________________________________________________
City, State, Zip: ___________________________________________
Phone Number: _____________________________________________

2. Agent Information:

Name: _____________________________________________________
Address: __________________________________________________
City, State, Zip: ___________________________________________
Phone Number: _____________________________________________

3. Successor Agent Information (Optional):

If the original agent is unable or unwilling to serve, a successor agent may act in their place. This section is optional and may be left blank if not applicable.

Name: _____________________________________________________
Address: __________________________________________________
City, State, Zip: ___________________________________________
Phone Number: _____________________________________________

4. Powers Granted:

This Power of Attorney grants the Agent authority to act on the Principal's behalf in financial and property matters, which may include but are not limited to:

Real estate transactions
Banking and financial institution transactions
Investment management
Tax matters
Insurance and annuity transactions
Estate, trust, and other beneficiary transactions
Claims and litigation
Personal and family maintenance
Social Security, employment, and military service benefits
Retirement plan transactions

5. Special Instructions (Optional):

The Principal may define special instructions or limitations to the powers granted to the Agent in this document:

______________________________________________________________________________________________________________________

6. Duration:

Unless revoked earlier by the Principal, this Durable Power of Attorney will remain in effect indefinitely from the date it is signed or until the Principal's death.

7. Signature:

This document must be signed by the Principal, or in the Principal’s name by another individual in the Principal’s presence and by the Principal’s direction. It is recommended, but not required, to have the signature acknowledged by a notary public.

Date: ___________________________________
Principal's Signature: _______________________________
Agent's Signature: _______________________________
Successor Agent’s Signature (if applicable): _____________________

8. Acknowledgment by Notary Public (Optional):

This section completes the document's recognition by a notary public, affirming the identity of the signatories.

State of Wisconsin

County of ___________________

On this _____ day of _______________, 20XX, before me, the undersigned notary public, personally appeared ___________________________, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed the same for the purposes therein contained.

In witness whereof, I hereunto set my hand and official seal.

Notary Public Signature: _______________________________
Printed Name: _______________________________
My Commission Expires: _______________________________

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Form Overview

Fact	Description
Purpose	The Wisconsin Durable Power of Attorney form allows individuals to appoint someone else to manage their financial affairs.
Governing Law	This form is governed by Chapter 244 of the Wisconsin Statutes.
Durability	The form remains effective even if the principal becomes incapacitated.
Principal Requirements	The individual creating the power of attorney must be a competent adult.
Agent Authority	The appointed agent can perform a wide range of financial activities on behalf of the principal.
Limitations	Certain powers, such as changing a will, cannot be granted to the agent.
Revocation	The principal can revoke the power of attorney at any time, as long as they are competent.
Witness Requirement	The signing of the form must be witnessed by two adult, disinterested witnesses.
Special Considerations	It's recommended to consult with a lawyer before completing this form to ensure it meets the principal's specific needs.

Documents used along the form

A Durable Power of Attorney is a crucial document that allows an individual to appoint another person to handle their financial matters should they become unable to do so themselves. In Wisconsin, when completing a Durable Power of Attorney form, there are often additional documents that individuals might need to consider to ensure a comprehensive approach to their estate planning and personal affairs management. Here is a list of some of these important documents.

Advance Directive: This document specifies an individual's wishes regarding medical treatment if they become incapacitated and unable to communicate these preferences themselves. It often includes a Living Will and a Medical Power of Attorney.
Last Will and Testament: This document outlines how an individual’s assets and estate will be distributed upon their death, including the naming of an executor to manage the estate and the guardianship of minor children, if applicable.
Revocable Living Trust: This allows an individual to manage their assets during their lifetime and specify how these assets are to be distributed upon their death, potentially avoiding probate.
HIPAA Release Form: This form permits healthcare providers to disclose an individual’s health information to designated persons, thereby allowing appointed individuals to make informed decisions regarding the individual’s medical care.
Living Will: This document details an individual's wishes regarding life-sustaining treatments in the event they become terminally ill or permanently unconscious.
Financial Information Sheet: Though not a formal legal document, maintaining a comprehensive list of financial accounts, insurance policies, and contact information for financial advisors can be incredibly valuable to the individual holding power of attorney.

Together, these documents help ensure that an individual's health care preferences and asset distribution plans are clearly expressed and legally enforceable. Properly prepared and maintained, they can provide peace of mind to both the individual and their loved ones. It is advisable to consult with a legal professional when preparing these documents to ensure they meet current legal standards and accurately reflect the individual's wishes.

Consider Some Other Durable Power of Attorney Templates for Specific States

Delaware Power of Attorney Requirements - This legal document grants a trusted person authority to handle financial and legal matters on behalf of the signer.

Maryland Durable Power of Attorney Form - Legally delegates authority to manage your day-to-day affairs, personal finances, and legal situations.

New York Statutory Power of Attorney - Allows the principal to specify limitations on the agent's powers, providing control over the extent of authority granted.