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In Wisconsin, a power of attorney document may be used to appoint an agent to represent someone else's interests and concerns. This form is known as a durable power of attorney ("principal"). Durable financial and medical insurance are the most often utilized types of insurance because of their capacity to stay valid for an extended period of time. If the principal becomes mentally incapacitated they will still be able to employ these versions. In compliance with state regulations, the agent will need to show the POA every time they want to exercise the authority of the principal.
Durable Power of Attorney (Statutory) — This kind of power of attorney is used for a long period of time. Whenever you want to assign important financial authority to someone else, you should utilize legal documents like these. Many individuals engage in this kind of long-term planning in order to prepare for the day when they will no longer be able to manage their own affairs and will need someone to look after them.
Requirements needed to sign the document - Signing documents requires the services of a notary public (244.05).
General Financial Power of Attorney -This kind of power of attorney enables you to appoint someone to act on your behalf in financial concerns, and it is very similar to a durable power of attorney in that it allows you to delegate authority to someone else. The difference is in the amount of time that has passed. As soon as the principal shows evidence of ineptitude, this sort of educational environment is brought to an end.
Requirements needed to sign the document - You will need the services of a notary public in order to sign (Phone: 244.05).
Limited Power of Attorney - It is used when you just want to delegate a limited amount of authority to your representative and don't want to hand over the entire management of your affairs to that person.
Requirements needed to sign the document- A notary public (244.05) is required for the signing process.
Minor (Child) Power of Attorney- Allowing another person to take parental control over a minor child (kid) for a period of up to one year is permitted under certain circumstances.
Requirements needed to sign the document- Signatures of a parent's are required under Section 48.979(2): This form must be completed and signed by the parent's authorized representative (if the parent isn’t available). Even if not needed by law, a notary public should notarize the document and witness the signing of the document.
Medical power of attorney - Using a Medical Power of Attorney, you may choose a trusted family member or friend to act on your behalf if you are unable to convey your intentions for your medical care in person.
Requirements needed to sign the document- This paper must be signed in the presence of two (2) adult witnesses (244.05).
Living Will - The living will gives a declarant the ability to write their end-of-life treatment preferences and submit it to healthcare professionals. It covers a wide range of situations and must be signed and then submitted to the healthcare facility beforehand so they can prepare if needed.
Advance Directive - An advance directive is a power of attorney document that allows a principal to appoint an agent to act on their behalf for medical matters. It doesn’t stop there, it also allows the principal to write out their end-of-life treatment choices for the healthcare team. The agent steps in when the instructions don’t cover a situation or enforce the wishes of the principal.
Real estate power of attorney - When it comes to real estate, an individual may delegate power to another person under Section 244.44, which allows them to manage their real estate affairs. These powers can be broad including buying, selling, leasing, and even refinancing the property.
Requirements needed to sign the document- A notary public (244.05) is required for the signing process.
Power of Attorney Revocation - This form may be used to cancel or terminate an existing power of attorney that you have signed in the past.
Requirements needed to sign the document- It is, however, highly advised that the papers be notarized before signing it before proceeding.
Motor vehicle power of attorney – You may appoint someone to act on your behalf in matters pertaining to the title and registration of your autos by completing and submitting this form.
Requirements needed to sign the document- It is important to get the paper signed by a notary public.