Those who have decided to complete a POA document to secure things in their lives can choose among the following Wisconsin power of attorney forms.
General POA
The general power of attorney document is meant for delegating the management of financial affairs to an agent. The latter becomes unable to sign documents on the principal’s behalf if the principal becomes disabled or dies, with the POA document losing its force.
Limited or Springing POA
In case you don’t want to assign broad authority to your agent and need them to complete only several specific functions instead, then the choice should be made for the limited POA. This type of delegation can cover only a narrow set of functions, such as signing a property sale or purchase document, paying for the principal’s kids’ education, etc. The limited POA may also be created for a specific event, meaning that once that event takes place, the POA “springs” into effect.
Durable POA
The durable POA is traditionally considered an extended version of the general document. The sense is in its duration even after the principal’s incapacitation. However, the durable POA becomes void after the principal’s death.
Medical POA
This POA type is meant explicitly for the delegation of treatment-related decisions to an agent. The document, however, doesn’t cover making life support decisions. That is, the agent cannot decide to stop life-sustaining support for the principal.
Minor Child POA
You’ll need this POA if you have to leave the country while your underage children stay there and need to have their affairs managed regularly. With a minor child POA, you assign an agent to make decisions regarding your kids’ education and well-being while you’re temporarily away.
Revocation POA
Though this document is also referred to as a POA, in fact, it is the form used to terminate a POA arrangement. When signing it, you annul any POA you signed before, thus depriving your agent of the assigned authority.
Vehicle POA
This document is usually signed by a vehicle owner and a dealer who is entrusted with selling your motor vehicle. This arrangement allows you not to be present at every potential deal, saving you time and effort in the process of a vehicle sale or purchase deal.
Real Estate POA
The same goes for the real estate POA – a document allowing the assigned agent to complete property sale or purchase deals on your behalf. Why attend all property shows and hold all negotiations is an experienced professional can do it for you?
State Tax Power of Attorney
The final type of POA we discuss here allows you to assign a qualified tax assistant to act on your behalf when preparing and filing your taxes. This function is performed according to the Wisconsin laws, with the agent completing and filing Form A-222 to the state’s relevant tax agency.