Financial Power of Attorney Form - Wisconsin

The Financial Power of Attorney Form in Wisconsin is a legal document that allows you to appoint someone (an agent) to manage your financial affairs and make decisions on your behalf if you become incapacitated or unable to do so yourself.

In Wisconsin, the Financial Power of Attorney form is typically filed by the person granting the power, known as the "principal".

FAQ

Q: What is a financial power of attorney form?
A: A financial power of attorney form is a legal document that allows someone else to make financial decisions on your behalf.

Q: Why would I need a financial power of attorney form?
A: You may need a financial power of attorney form if you become unable to manage your own financial affairs due to illness, disability, or absence.

Q: What can a financial power of attorney do?
A: A financial power of attorney can manage your bank accounts, pay bills, make investment decisions, and handle other financial matters on your behalf.

Q: Do I need a lawyer to create a financial power of attorney form?
A: While it is not required, it is recommended to consult with a lawyer to ensure that your financial power of attorney form meets all legal requirements in Wisconsin.

Q: Can I revoke a financial power of attorney form?
A: Yes, you can revoke a financial power of attorney form at any time as long as you are still mentally competent.

Q: What happens if I don't have a financial power of attorney form and become incapacitated?
A: If you don't have a financial power of attorney form and become incapacitated, the court may appoint a guardian to make financial decisions on your behalf.

Q: Are there any limitations to what a financial power of attorney can do?
A: Yes, the powers granted to a financial power of attorney can be limited based on your instructions in the form.