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 – Uniform Power of Attorney for Finances and Property
According to state statute 244.05, In order for the completed POA to be valid when presented to banks, lenders, and other official entities, the principal has to sign the form in front of a notarial officer (otherwise known as a notary public). These can be found in banks, at UPS stores, or online at notarize.com.