Step-by-Step Instructions on How To Draft a Power of Attorney in Wisconsin

Create a Power of Attorney Step-by-Step Instructions on How To Draft a Power of Attorney in Wisconsin

A Complete Guide to Creating a Power of Attorney in Wisconsin

A power of attorney (POA) is a legal document that can give immense power to the attorney-in-fact. A POA needs to be drafted with care as the principal needs to have a document that suits their needs perfectly. If you want to know what the requirements for a power of attorney in Wisconsin are, DoNotPay will gladly help!

Our article will provide you with all the necessary details regarding the power of attorney documents and show you how to get one without a hassle!

What Does the Law Say About a Wisconsin Power of Attorney?

A power of attorney is a legal document that grants authority to a person (the agent) to act in another person’s (the principal’s) stead. In the State of Wisconsin, a POA is considered durable by default and is effective upon the execution of the agreement unless the document states otherwise.

Durable Power of Attorney

A durable power of attorney allows the agent to handle the principal’s financial and business matters. It stays in effect even in the case of the principal’s incapacitation or inability to make their own decisions.

Springing Power of Attorney

A springing power of attorney is triggered by the occurrence of an event stated in the document. The principal can authorize one or more persons to determine and confirm that the event took place, after which the POA gets activated. If the POA is to become effective upon the principal’s incapacity and they haven’t authorized anyone to determine that, the POA will become effective if:

  • A physician or a psychologist confirms that the principal is unable to make decisions for themselves
  • A judge or a governmental official determines that the principal is incapacitated

What Are the Powers That a Financial Power of Attorney in Wisconsin Transfers?

Upon signing a power of attorney letter, the agent gets the powers mentioned in the document and has to fulfill them. Check out the table below for more details:

Authority To Deal With:Duties To:
  1. Real property
  2. Tangible personal property
  3. Digital property
  4. Stocks and bonds
  5. Commodities and options
  6. Banks and other financial institutions
  7. Operation of entity or business
  8. Insurance and annuities
  9. Estates, trusts, and other beneficial interests
  10. Claims and litigation
  11. Personal and family maintenance
  12. Benefits from governmental programs or military service
  13. Retirement plans
  14. Taxes
  1. Act in good faith
  2. Do what the principal expects and act in their best interest
  3. Do nothing beyond the authority granted by the power of attorney
  4. Disclose their identity whenever acting for the principal
  5. Act loyally for the principal’s benefit
  6. Avoid conflicts that would impair the ability to act in the principal’s best interest
  7. Act with care, competence, and diligence
  8. Keep a record of all receipts, disbursements, and transactions made in the principal’s stead
  9. Cooperate with any person that is allowed to make health-care decisions for the principal
  10. Attempt to preserve the principal’s estate plan

How To Get a WI Power of Attorney

To get a power of attorney document in Wisconsin, you will have to:

  1. Draft one yourself—In case you want to create a POA on your own, you need to:
    1. Choose an agent who’s reliable and trustworthy
    2. Include the legal names of all parties, including their contact information
    3. Select the specific powers and duties the attorney-in-fact will have
    4. Add the date of document execution
    5. Get the power of attorney notarized (it’s not required by the state laws, but it’s highly recommended as a notary's signature will add legal weight to the document)
  2. Hire a lawyer—Hiring a lawyer to draw up a POA for you is a safe and reliable solution, but it will cost you a pretty penny as these services entail sky-high fees
  3. Download a template—Various websites have free POA templates available for download. You need to be careful when looking for one because some templates contain grammatical errors and might not suit your specific needs
  4. Use DoNotPay—If you want a solution that’s both reliable and won’t break the bank, DoNotPay will provide it for you. Once you sign up, our Create a Power of Attorney product will draw up a professional POA in your stead that’s tailor-made

Getting a Durable Power of Attorney in Wisconsin With DoNotPay Is a Piece of Cake

The easiest and most effective way to get a durable POA in Wisconsin is to use DoNotPay. We will generate a power of attorney document for you in a few minutes, and all you have to do is:

  1. Sign up for DoNotPay
  2. Select our Create a Power of Attorney product
  3. Choose which powers you want to include in your POA

We will automatically generate your power of attorney agreement, along with two important notices that need to be read by both the principal and the agent.

If you want to get your POA notarized the easy way, you can use DoNotPay for that, too! Our Notarize Any Document product will set up an appointment with an online notary in no time, and you’ll obtain their signature and stamp without leaving the app.

If you need additional information about different types of power of attorney documents, check out these articles DoNotPay has prepared for you:

Power of Attorney TypesFrequently Asked Questions About POA

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