A Wisconsin durable power of attorney is a legal document that allows a designated agent to manage the principal’s financial matters. This can be helpful in situations where the principal cannot make decisions for themselves, such as in the case of a medical emergency or incapacitation.
It is essential to choose a trustworthy agent, as they will have significant control over the principal’s financial affairs.
In Wisconsin, power of attorney forms are durable by default.
“Durable power of attorney” means a power of attorney that is not terminated by the principal’s incapacity
Power of Attorney 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
- Presumed Durable: Yes. § 244.04
- Signing Requirements: Signature required. Witnesses are not mandated by law. § 244.05
- Notarization Requirements: A signature is considered authentic if signed before a notary public.
- Statutory Form: Yes — § 244.61