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Wisconsin durable power of attorney requirements. The wisconsin durable power of attorney form grants an agent the authority to represent another individual and make financial decisions on their behalf. What you will need. This means that the person s selected should be trustworthy fully capable to make decisions and handle the affairs of the principal. Executed by one who is at least 18 years old and of sound mind.
The wisconsin durable power of attorney form grants an agent the authority to represent another individual and make financial decisions on their behalf. The durable power of attorney is a signed and notarized document by which one person the principal gives another person an agent authority to act on the principal s behalf. Legal requirements for power of attorney for health care to be legally effective in wisconsin a power of attorney for health care must be. Illinois indiana and wisconsin all have different requirements for drafting a statutory durable power of attorney.
The individual executing the power of attorney is known as the principal and the person they select as their financial representative is called an attorney in fact or agent. The authority may be general giving the agent broad. Act 186 and through all supreme court and controlled substances board orders filed before and in effect on september. Uniform power of attorney for finances and property 2017 18 wisconsin statutes updated through 2019 wis.
The individual executing the power of attorney is known as the principal and the person they select as their financial representative is called an attorney in fact or agent. Getting a durable power of attorney will require the principal to find someone that they can trust to handle their assets if they should not be able to handle it themselves. However all three states agree that the power of attorney must be in writing. The authority may be general giving the agent broad power to make decisions or limited giving the agent the power to do one or more specific things.
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