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Making a Wisconsin Power of Attorney
A Wisconsin Power of Attorney (PoA) is a legal document that grants a person or organization permission to manage legal and financial matters for you, such as accessing bank accounts, selling your property, and signing contracts.
The person giving control is known as the "principal," and the person or entity receiving powers is known as the "agent." Designed for Wisconsin residents, our Power of Attorney is made for use in Waukesha County, Milwaukee County, Dane County, and in every other part of the state. All Wisconsin PoA forms from Rocket Lawyer can be edited to address your unique circumstances. Making this document will provide verification to financial institutions and other parties that your chosen representative(s) can legally sign documents or take other actions for you when you are not present or able.
It is very simple to assign or receive the support you might need using a free Wisconsin Power of Attorney template from Rocket Lawyer:
This route is often going to be notably more affordable than working with a conventional attorney. If necessary, you may start this PoA on behalf of your spouse, an elderly parent, or another relative, and then help them sign when ready. Please keep in mind that for this document to be accepted as legally valid, the principal must be mentally competent when they sign. If the principal has already been declared incompetent, a conservatorship might be required. When facing such a scenario, it is a good idea for you to speak to an attorney.
Every person over 18 ought to have a Power of Attorney. Though it is difficult to acknowledge, there might come a day when you cannot make your own decisions. There may also be moments when you're merely out of pocket. Here are some common situations in which you might consider power of attorney to be helpful:
Regardless of whether this Wisconsin Power of Attorney has been created in response to an unexpected issue or as part of a forward-looking plan, witnesses and/or notarization can often help to protect your agent if someone doubts their privileges.
Power of Attorney documents can be categorized in multiple ways. They are primarily based on what powers are granted, when they come into effect, and how long they will be valid. Most often, you will find them described in four segments:
When generating your free Wisconsin Power of Attorney with Rocket Lawyer, you may elect to have the agent's power begin immediately upon signing, on a precise day, or only when you're no longer capable. Your Power of Attorney can terminate either on a particular date or upon your death.
Wisconsin Power of Attorney forms are generally straightforward, but you could need legal advice. Getting a legal professional to check your Wisconsin Power of Attorney may be time-consuming and relatively expensive. An easier way to get a second pair of eyes on your document would be through Rocket Lawyer attorney services. By becoming a Premium member, you can get your documents reviewed or ask specific questions. As always, you can rest assured that Rocket Lawyer is here to help.
The cost of finding and hiring a lawyer to draft a Power of Attorney could total anywhere between two hundred and five hundred dollars. Different from many other Power of Attorney template websites that you might discover, Rocket Lawyer gives Premium membership holders up to 40% in savings when hiring a lawyer, so an attorney from our network can represent you if you ever require support.
With a membership, you may make edits, save it in Word or PDF format, and print it. To make your Power of Attorney truly legal, you need to sign it. Your agent(s) and financial institutions should receive copies of the fully executed document.
The specifications vary in each state; however, in Wisconsin, neither witnesses nor notarization are legally required. That said, both are recommended to help reinforce the credibility of your document. If your agent(s) will manage real estate transactions, the Power of Attorney will need to be acknowledged by a notary public and recorded with the county. As a general principle, witnesses should be at least 18 years old, and none of them should also be designated as your PoA agent.
See Wisconsin Power of Attorney law: Ch. 224