A Wisconsin power of attorney may permit you, as a principal, to grant the ability to a trusted friend or relative, to act on your behalf in certain situations. Many types of POAs exist depending on the circumstances and situations for which they are needed. There are some POAs that allow you to confer a broad range of powers on another, while others are for a limited or specific transaction or purpose.
Durable Power of Attorney – This type of form is used when you wish to confer broad financial powers on another to take action on your behalf. Often people use this form for long-term planning purposes in anticipation of the possibility of getting to the point where they cannot take care of their own matters and want someone in place to handle things.
General 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.
Limited (Springing) Power of Attorney – This sort of form is for use when you wish to tailor the powers you are granting to your representative to a specific event or time frame.
Minor Child Power of Attorney – Delegate parental rights over a minor child for a period of up to one (1) year to another person.
Medical (Health Care) Power of Attorney – you may use this form to appoint a loved one to act for you in the unfortunate event that you are unable to act on or communicate your health care wishes.
Real Estate Power of Attorney – Allows an individual to transfer the authority to handle real property under .
Revocation of Power of Attorney – May be used in the event you seek to cancel or terminate an existing POA that you may have entered into in the past.
Tax Power of Attorney (Form A-222) – For use when you want to appoint a professional tax adviser to make filings, answer questions or handle other matters with the Wisconsin Department of Revenue.
Vehicle Power of Attorney – You would use this type to make someone your agent in order to take actions involving the titling and registration of your motor vehicle.
How to Write
Step 1 – It is important that you ascertain which form is best for your situation. Take into account what you need your agent for and what powers you will be conferring.
Step 2 – Think carefully about who will represent you and confer with them to make sure they are available and willing. Some characteristics you may want to consider include, integrity, reliability and availability.
Step 3 – You will also need to ascertain who needs to witness your signature. Check the signature page of your chosen document and determine whether you need two independent witnesses or a notary or sometimes both.