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The great news is, you do not need two witnesses for the Power of Attorney for Finances and Property in Wisconsin. All that is required is for the principal to sign the document in order to make it legally valid. Actually, under the statute, you don't even need a notary to make it valid.
In 1982, Wisconsin (and other states) passed the Uniform Durable Power of Attorney Act (sec. 243.07, Stats.), which allows the Principal to appoint an Agent whose authority may continue even if the Principal becomes incompetent or incapacitated. A power of attorney giving an Agent this authority is ?durable.?
A Wisconsin durable statutory power of attorney form is used to authorize a person (?agent?) to handle the financial affairs of someone else during their lifetime. The person giving power (?principal?) is recommended to choose a trusted person to be their agent such as a spouse, family member, or close friend.
No, in Wisconsin, you do not need to notarize your will to make it legal. However, Wisconsin allows you to make your will "self-proving" and you'll need to go to a notary if you want to do that. A self-proving will speeds up probate because the court can accept the will without contacting the witnesses who signed it.
When Does an Agent's Authority to Make Decisions Begin? Most Power of Attorney for Health Care documents provide that the document becomes ?activated? when two physicians or one physician and one psychologist personally examine the principal and then sign a statement certifying that the principal is incapacitated.
Steps for Making a Financial Power of Attorney in Wisconsin Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.
In Wisconsin, there are two main types of powers of attorney: the power of attorney for finances and property (also called a financial power of attorney) and the power of attorney for health care.