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.
Laws
Relevant Laws: Chapter 244 – Uniform Power of Attorney for Finances and Property Act
In Wisconsin, power of attorney forms are durable by default.
“Durable” Definition
“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
