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Basic Power Of Attorney For Finances And Property DPH 0036 - Wisconsin

Basic Power Of Attorney For Finances And Property Form. This is a Wisconsin form and can be used in General Statewide .
 Fillable pdf Last Modified 2/4/2011
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State of Wisconsin Department of Health Services This Power of Attorney for Finances form allows you to plan for future financial decision-making even if you are unable to make your own decisions. More information is available to assist you in filling out this form1. This form is not the answer for everyone. Only select someone you trust to be your agent. You may wish to consult with an attorney to explore other financial planning tools such as a Power of Attorney for Finances drafted by an attorney, or special accounts or trusts. This is an important legal document. Do not sign it until you, and your chosen agent, understand the powers being granted. By signing this document, you are not giving up any powers or rights to control your finances or property. Instead, you are giving your agent, in addition to yourself, the authority to handle your finances and property. While it is not required that you sign this document in the presence of a notary, acknowledged signatures create a lawful presumption of genuineness and will be more easily accepted by businesses and financial institutions. This document is effective immediately when executed unless you state a future date or occurrence that will activate the powers expressed in this form. This Power of Attorney for Finances is "durable" (does not terminate upon the principal's incapacity) unless you specifically state that it terminates if you become incapacitated. If you name your spouse or domestic partner as your agent and the marriage or domestic partnership is terminated (annulment or divorce), this document becomes invalid unless the special instructions in this document state that such an action will not terminate the authority given to the agent. If you used a former state Power of Attorney for Finances form, that form is still valid. Executing a new Power of Attorney for Finances does not, automatically, revoke a prior document. If you wish to change this Power of Attorney for Finances in the future, you must complete a new document and revoke this one. You may revoke this document at any time; a suggested method is a written and dated statement expressing your intent to revoke this document. If you revoke this document, you should notify your agent and any other persons or entities that have a copy. In general, an agent who is not the principal's spouse or domestic partner may not use the principal's property for the benefit of the agent or a person to whom the agent owes an obligation of support. Gifting to others is also generally not allowed2. Your agent is entitled to reasonable compensation unless you state otherwise in the special instructions. This document does not give your agent the power to make medical, long-term care or other health care decisions for you. Once your Power of Attorney for Finances form is completed and signed, send a copy of this document to your financial contacts (e.g. your bank, stockbroker, mortgage company, insurance agent, etc.) Give a copy to your agent and alternate agents as well as to trustworthy family members and/or to your attorney. Finally place a copy in a safe place in your home along with a list of who has a copy of the document. 1 2 Coalition of Wisconsin Aging Groups: Guardianship Support Center (www.cwag.org) For more information on gifting, see Wis. Stats. ยง244.57 Wisconsin.gov American LegalNet, Inc. www.FormsWorkFlow.com WISCONSIN STATUTORY POWER OF ATTORNEY FOR FINANCES AND PROPERTY IMPORTANT INFORMATION This Power of Attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Uniform Power of Attorney for Finances and Property Act in Chapter 244 of the Wisconsin Statutes. This Power of Attorney does not authorize the agent to make health-care decisions for you. You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the Power of Attorney or the agent resigns or is unable to act for you. Recording Area Name and Return Address Parcel Identification Number (if any) Your agent is entitled to reasonable compensation unless you state otherwise in the special instructions. This form provides for designation of one agent. If you wish to name more than one agent, you may name a co-agent in the special instructions. Co-agents are not required to act together unless you include that requirement in the special instructions. If your agent is unable or unwilling to act for you, your Power of Attorney will end unless you have named a successor agent. You may also name a 2nd successor agent. This Power of Attorney becomes effective immediately unless you state otherwise in the special instructions. This Power of Attorney does not revoke any Power of Attorney executed previously unless you so provide in the special instructions. If you revoke this Power of Attorney, you should notify your agent and any other person to whom you have given a copy. If your agent is your spouse or domestic partner and your marriage is annulled or you are divorced or legally separated or the domestic partnership is terminated after signing this document, the document is invalid. If you have questions about the Power of Attorney or the authority you are granting to your agent, you should seek legal advice before signing this form. DEPARTMENT OF HEALTH SERVICES Division of Public Health F-00036 (Rev. 09/10) STATE OF WISCONSIN Effective Date September 1, 2010 s. 244.06 (1), Wisconsin Statutes American LegalNet, Inc. www.FormsWorkFlow.com DESIGNATION OF AGENT I, Name of agent: Agent's address: Agent's telephone number: DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL) If my agent is unable or unwilling to act for me, I name as my successor agent: Name of successor agent: Successor agent's address: Successor agent's telephone number: If my successor agent is unable or unwilling to act for me, I name as my 2nd successor agent: Name of 2nd successor agent: Second successor agent's address: Second successor agent's telephone number: GRANT OF GENERAL AUTHORITY I grant my agent and any successor agent general authority to act for me with respect to the following subjects as defined (see Appendix) in the Uniform Power of Attorney for Fi
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