AB704,37,1212
2. Other individuals legally entitled to be supported by the principal.
AB704,37,1413
3. The individuals whom the principal has customarily supported or indicated
14the intent to support.
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(b) Make periodic payments of child support and other family maintenance
16required by a court or governmental agency or an agreement to which the principal
17is a party.
AB704,37,1918
(c) Provide living quarters for the individuals described in par. (a) by doing any
19of the following:
AB704,37,2020
1. Purchasing, leasing, or entering into a contract.
AB704,37,2321
2. Paying the operating costs, including interest, amortization payments,
22repairs, improvements, and taxes, for premises owned by the principal or occupied
23by those individuals.
AB704,38,224
(d) Provide normal domestic help, usual vacations and travel expenses, and
25funds for shelter, clothing, food, appropriate education, including postsecondary and
1vocational education, and other current living costs for the individuals described in
2par. (a).
AB704,38,43
(e) Pay expenses for necessary health care and custodial care on behalf of the
4individuals described in par. (a).
AB704,38,95(f) Act as the principal's personal representative under
42 USC 1320d, the
6Health Insurance Portability and Accountability Act, and applicable regulations, in
7making decisions related to the past, present, or future payment for the provision of
8health care consented to by the principal or anyone authorized under the law of this
9state to consent to health care on behalf of the principal.
AB704,38,1210
(g) Continue any provision made by the principal for motor vehicles or other
11means of transportation, including registering, licensing, insuring, and replacing
12the vehicles, for the individuals described in par. (a).
AB704,38,1413
(h) Maintain credit and debit accounts for the convenience of the individuals
14described in par. (a) and open new accounts.
AB704,38,1715
(i) Continue payments incidental to the membership or affiliation of the
16principal in a religious institution, club, society, order, or other organization or to
17continue contributions to those organizations.
AB704,38,20
18(2) Authority with respect to personal and family maintenance is neither
19dependent upon, nor limited by, authority that an agent may or may not have with
20respect to gifts under this chapter.
AB704,38,24
21244.54 Benefits from governmental programs or civil or military
22service. (1) In this section, "benefits from governmental programs or civil or
23military service" means any benefit, program or assistance provided under a statute,
24rule, or regulation, including social security, medicare, and medicaid.
AB704,39,3
1(2) Unless the power of attorney otherwise provides, language in a power of
2attorney granting general authority with respect to benefits from governmental
3programs or civil or military service authorizes the agent to do all of the following:
AB704,39,84
(a) Execute vouchers in the name of the principal for allowances and
5reimbursements payable by the United States or a foreign government or by a state
6or subdivision of a state to the principal, including allowances and reimbursements
7for transportation of the individuals described in s. 244.53 (1) (a), and for shipment
8of their household effects.
AB704,39,139
(b) Take possession and order the removal and shipment of property of the
10principal from a post, warehouse, depot, dock, or other place of storage or
11safekeeping, either governmental or private, and execute and deliver a release,
12voucher, receipt, bill of lading, shipping ticket, certificate, or other instrument for
13that purpose.
AB704,39,1514
(c) Enroll in, apply for, select, reject, change, amend, or discontinue, on the
15principal's behalf, a benefit or program.
AB704,39,1816
(d) Prepare, file, and maintain a claim of the principal for a benefit or
17assistance, financial or otherwise, to which the principal may be entitled under a
18statute, rule, or regulation.
AB704,39,2219
(e) Initiate, participate in, submit to alternative dispute resolution, settle,
20oppose, or propose or accept a compromise with respect to litigation concerning any
21benefit or assistance the principal may be entitled to receive under a statute, rule,
22or regulation.
AB704,39,2423
(f) Receive the financial proceeds of a claim described in par. (d) and conserve,
24invest, disburse, or use for a lawful purpose anything so received.
AB704,40,4
1244.55 Retirement plans. (1) In this section, "retirement plan" means a plan
2or account created by an employer, the principal, or another individual to provide
3retirement benefits or deferred compensation of which the principal is a participant,
4beneficiary, or owner, including the following plans or accounts:
AB704,40,65(a) An individual retirement account under section
408 of the Internal Revenue
6Code.
AB704,40,87(b) A Roth individual retirement account under section
408A of the Internal
8Revenue Code.
AB704,40,109(c) A deemed individual retirement account under section
408 (q) of the
10Internal Revenue Code.
AB704,40,1211(d) An annuity or mutual fund custodial account under section
403 (b) of the
12Internal Revenue Code.
AB704,40,1413
(e) A pension, profit-sharing, stock bonus, or other retirement plan qualified
14under section
401 (a) of the Internal Revenue Code.
AB704,40,1515(f) A plan under section
457 (b) of the Internal Revenue Code.
AB704,40,1716(g) A nonqualified deferred compensation plan under section
409A of the
17Internal Revenue Code.
AB704,40,20
18(2) Unless the power of attorney otherwise provides, language in a power of
19attorney granting general authority with respect to retirement plans authorizes the
20agent to do all of the following:
AB704,40,2221
(a) Select the form and timing of payments under a retirement plan and
22withdraw benefits from a plan.
AB704,40,2423
(b) Make a rollover, including a direct trustee-to-trustee rollover, of benefits
24from one retirement plan to another.
AB704,40,2525
(c) Establish a retirement plan in the principal's name.
AB704,41,1
1(d) Make contributions to a retirement plan.
AB704,41,22
(e) Exercise investment powers available under a retirement plan.
AB704,41,33
(f) Borrow from, sell assets to, or purchase assets from a retirement plan.
AB704,41,6
4244.56 Taxes. Unless the power of attorney otherwise provides, language in
5a power of attorney granting general authority with respect to taxes authorizes the
6agent to do all of the following:
AB704,41,14
7(1) Prepare, sign, and file federal, state, local, and foreign income, gift, payroll,
8property, Federal Insurance Contributions Act, and other tax returns, claims for
9refunds, requests for extension of time, petitions regarding tax matters, and any
10other tax-related documents, including receipts, offers, waivers, consents, including
11consents and agreements under 2032A of the Internal Revenue Code, closing
12agreements, and any power of attorney required by the Internal Revenue Service or
13other taxing authority with respect to a tax year upon which the statute of
14limitations has not run and the following 25 tax years.
AB704,41,17
15(2) Pay taxes due, collect refunds, post bonds, receive confidential information,
16and contest deficiencies determined by the Internal Revenue Service or other taxing
17authority.
AB704,41,19
18(3) Exercise any election available to the principal under federal, state, local,
19or foreign tax law.
AB704,41,21
20(4) Act for the principal in all tax matters for all periods before the Internal
21Revenue Service, or other taxing authority.
AB704,41,24
22244.57 Gifts. (1) In this section, a gift "for the benefit of" a person includes
23a gift to a trust, an account under ss. 54.854 to 54.898, and a tuition savings account
24or prepaid tuition plan as defined under section
529 of the Internal Revenue Code.
AB704,42,3
1(2) Unless the power of attorney otherwise provides, language in a power of
2attorney granting general authority with respect to gifts authorizes the agent to do
3all of the following:
AB704,42,114
(a) Make outright to, or for the benefit of, a person, a gift of any of the principal's
5property, including by the exercise of a presently exercisable general power of
6appointment held by the principal, in an amount per donee not to exceed the annual
7dollar limits of the federal gift tax exclusion under section
2503 (b) of the Internal
8Revenue Code, without regard to whether the federal gift tax exclusion applies to the
9gift, or if the principal's spouse agrees to consent to a split gift under section
2513 of
10the Internal Revenue Code, in an amount per donee not to exceed twice the annual
11federal gift tax exclusion limit.
AB704,42,1412(b) Consent, under section
2513 of the Internal Revenue Code, to the splitting
13of a gift made by the principal's spouse in an amount per donee not to exceed the
14aggregate annual gift tax exclusions for both spouses.
AB704,42,1815
(c) Make a gift of the principal's property only as the agent determines is
16consistent with the principal's objectives if actually known by the agent and, if
17unknown, as the agent determines is consistent with the principal's best interest
18based on all relevant factors, including all of the following:
AB704,42,1919
1. The value and nature of the principal's property.
AB704,42,2020
2. The principal's foreseeable obligations and need for maintenance.
AB704,42,2221
3. Minimization of taxes, including income, estate, inheritance, generation
22skipping transfer, and gift taxes.
AB704,42,2423
4. Eligibility for a benefit, a program, or assistance under a statute, rule, or
24regulation.
AB704,42,2525
5. The principal's personal history of making or joining in making gifts.
AB704,43,6
1244.61 Statutory Form Power of Attorney for Finances and Property. 2A document substantially in the following form may be used to create a statutory
3form power of attorney that has the meaning and effect prescribed by this chapter.
4An appendix shall be attached to this form that includes the text of ss. 244.44 to
5244.56. The appendix is for definitions only. The agent has powers only regarding
6the subjects initialed on the form.
AB704,43,10
7WISCONSIN
8
STATUTORY FORM
9
POWER OF ATTORNEY
10
FOR FINANCES AND PROPERTY
AB704,43,1111
IMPORTANT INFORMATION
AB704,43,19
12This power of attorney authorizes another person (your
13agent) to make decisions concerning your property for you
14(the principal). Your agent will be able to make decisions and
15act with respect to your property (including your money)
16whether or not you are able to act for yourself. The meaning
17of authority over subjects listed on this form is explained in
18the Uniform Power of Attorney for Finances and Property Act
19in chapter 244 of the Wisconsin statutes.
AB704,43,21
20This power of attorney does not authorize the agent to
21make health-care decisions for you.
AB704,43,25
22You should select someone you trust to serve as your
23agent. Unless you specify otherwise, generally the agent's
24authority will continue until you die or revoke the power of
25attorney or the agent resigns or is unable to act for you.
AB704,44,2
1Your agent is entitled to reasonable compensation
2unless you state otherwise in the special instructions.
AB704,44,7
3This form provides for designation of one agent. If you
4wish to name more than one agent you may name a coagent in
5the special instructions. Coagents are not required to act
6together unless you include that requirement in the special
7instructions.
AB704,44,10
8If your agent is unable or unwilling to act for you, your
9power of attorney will end unless you have named a
10successor agent. You may also name a 2nd successor agent.
AB704,44,15
11This power of attorney becomes effective immediately
12unless you state otherwise in the special instructions. This
13power of attorney does not revoke any power of attorney
14executed previously unless you so provide in the special
15instructions.
AB704,44,21
16if you revoke this power of attorney, you should notify
17your agent and any other person to whom you have given a
18copy. If your agent is your spouse or domestic partner and
19your marriage in annulled or you are divorced or legally
20separated or the domestic partnership is terminated after
21signing this document, the document is invalid.
AB704,44,24
22If you have questions about the power of attorney or the
23authority you are granting to your agent, you should seek
24legal advice before signing this form.
AB704,44,2525
DESIGNATION OF AGENT
AB704,45,1
1I .... (name of principal) name the following person as my agent:
AB704,45,22
Name of agent: ....
AB704,45,33
Agent's address: ....
AB704,45,44
Agent's telephone number: ....
AB704,45,65
DESIGNATION OF SUCCESSOR AGENT(S)
6(OPTIONAL)
AB704,45,77
If my agent is unable or unwilling to act for me, I name as my successor agent:
AB704,45,88
Name of successor agent: ....
AB704,45,99
Successor agent's address: ....
AB704,45,1010
Successor agent's telephone number: ....
AB704,45,1211
If my successor agent is unable or unwilling to act for me, I name as my 2nd
12successor agent:
AB704,45,1313
Name of 2nd successor agent: ....
AB704,45,1414
Second successor agent's address: ....
AB704,45,1515
Second successor agent's telephone number: ....
AB704,45,1616
GRANT OF GENERAL AUTHORITY
AB704,45,1917
I grant my agent and any successor agent general authority to act for me with
18respect to the following subjects as defined in the Uniform Power of Attorney for
19Finances and Property Act in chapter 244 of the Wisconsin statutes:
AB704,45,2020
INITIAL each subject you want to include in the agent's general authority.
AB704,45,2121
.... Real property
AB704,45,2222
.... Tangible personal property
AB704,45,2323
.... Stocks and bonds
AB704,45,2424
.... Commodities and options
AB704,45,2525
.... Banks and other financial institutions
AB704,46,1
1.... Operation of entity or business
AB704,46,22
.... Insurance and annuities
AB704,46,33
.... Estates, trusts, and other beneficial interests
AB704,46,44
.... Claims and litigation