Wisconsin General (Financial) Power of Attorney Form
A Wisconsin General (Financial) Power of Attorney not only addresses what actions another party (called the Agent) will be authorized to perform on behalf of an individual (called the Principal). It also includes terms that establish what an Agent should do in case the Principal becomes incapacitated after the agreement is executed. As this Power of Attorney contract is general in type, it instructs the Agent to discontinue exercising any decision making powers that have been bestowed to them. If the situation arises where the Agent is aware of the Principal’s incapacity but nevertheless continue to exercise their powers, they will face legal repercussions as this will be in breach of the contract.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney for Finances and Property
Signing Requirements (§ 244.05) – The Principal must fulfill two (2) tasks, as required by state law, in order to execute the Wisconsin General (Financial) Power of Attorney form. First, they must sign the form. Next, they must make an acknowledgement of the Power of Attorney before a Notarial Officer, who must be authorized under s. 706.07 to take acknowledgments.