Annotate Legal Wisconsin Power Of Attorney Forms For Free

In 1982, Wisconsin (and other states) passed the Uniform Durable Power of Attorney Act (sec. 243.07, Stats.), which allows the Principal to appoint an Agent whose authority may continue even if the Principal becomes incompetent or incapacitated. A power of attorney giving an Agent this authority is ?durable.?

General (Financial) Power of Attorney ? This type of document is similar to the durable type because it allows you to grant someone the ability to act in your stead in your financial matters. The difference lies in the duration. This type terminates automatically when the principal becomes incapacitated.

Permits a principal to revoke a valid POA-HC ?at any time.? The statute does not indicate that the POA-HC document may be revoked only if it has not been activated, nor does the law require that the principal have any particular reason for revocation or that the principal be in any particular state of mind.

This Power of Attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.

(b) A principal may revoke a Wisconsin basic power of attorney for finances and property and invalidate it at any time by destroying it, by directing another person to destroy it in the principal's presence or by signing a written and dated statement expressing the principal's intent to revoke.

A power of attorney and a guardianship are tools that help someone act in your stead if you become incapacitated. With a power of attorney, you choose who you want to act for you. In a guardianship proceeding, the court chooses who will act as guardian.