A Wisconsin limited power of attorney empowers a principal to delegate specific financial and property-related responsibilities to an appointed agent. This form lets the principal choose someone they trust to handle designated tasks, ranging from guiding real estate transactions to withdrawing bank account funds.
The principal outlines the precise powers granted to the agent within the document, ensuring clarity and specificity. While the agent holds authority solely for the highlighted tasks, they must always act in the principal’s best interests. Termination of this document can occur when the agent completes their assigned tasks, the termination date arrives, or the principal revokes the document early.
Legal Considerations
Statute – Chapter 244 (Uniform Power of Attorney for Finances and Property).
Authority – § 244.41 – An agent must act on the principal’s behalf and only exercise special authority as the agreement grants.
Signing Requirements – § 244.05 – Notary public. In certain instances, a power of attorney may also be valid if it is signed in the presence of two witnesses and the signing is supervised by a licensed attorney.
Related Forms
Vehicle Power of Attorney
Signing requirements: Notary public (Wis. Stat. § 244.05).
Minor (Child) Power of Attorney
Signing requirements: Notary public and an optional witness.
Signing requirements: Notary public and one optional witness (Wis. Stat. § 48.979(2)).
Real Estate Power of Attorney
Signing requirements: Notary public (Wis. Stat. § 244.05).
