2021 Chapter 244

CHAPTER 244

UNIFORM POWER OF ATTORNEY FOR FINANCES AND PROPERTY

SUBCHAPTER I

GENERAL PROVISIONS

244.01   Short title.

244.02   Definitions.

244.03   Applicability.

244.04   Power of attorney is durable.

244.05   Execution of power of attorney.

244.06   Validity of power of attorney.

244.07   Meaning and effect of power of attorney.

244.08   Nomination of guardian; relation of agent to court-appointed fiduciary.

244.09   When a power of attorney is effective.

244.10   Termination of power of attorney or agent's authority.

244.11   Coagents and successor agents.

244.12   Reimbursement and compensation of agent.

244.13   Agent's acceptance.

244.14   Agent's duties.

244.15   Exoneration of agent.

244.16   Judicial relief.

244.17   Agent's liability.

244.18   Agent's resignation; notice.

244.19   Protection of persons that accept and rely upon an acknowledged power of attorney.

244.20   Refusal to accept acknowledged power of attorney.

244.21   Laws applicable to financial institutions and entities.

SUBCHAPTER II

AUTHORITY

244.41   Authority that requires specific grant, grant of general authority.

244.42   Incorporation of authority.

244.43   Construction of authority generally.

244.44   Real property.

244.445   Digital property.

244.45   Tangible personal property.

244.46   Stocks and bonds.

244.47   Commodities and options.

244.48   Banks and other financial institutions.

244.49   Operation of entity or business.

244.50   Insurance and annuities.

244.51   Estates, trusts, and other beneficial interests.

244.52   Claims and litigation.

244.53   Personal and family maintenance.

244.54   Benefits from governmental programs or civil or military service.

244.55   Retirement plans.

244.56   Taxes.

244.57   Gifts.

244.61   Statutory Form Power of Attorney for Finances and Property.

244.62   Agent's certification.

244.63   Distribution of forms.

244.64   Relation to power of attorney for health care.

subch. I of ch. 244 SUBCHAPTER I

GENERAL PROVISIONS

244.01 244.01  Short title. This chapter may be cited as the Uniform Power of Attorney for Finances and Property Act.

244.01 History History: 2009 a. 319.

244.01 Annotation Procedural Gray Areas: New POA for Finances. Beermann & Johnson. Wis. Law. Oct. 2011.

244.02 244.02  Definitions. In this chapter:

244.02(1) (1) “Agent" means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise.

244.02(2) (2) “Domestic partner" has the meaning given in s. 770.01 (1).

244.02(3) (3) “Durable power of attorney" means a power of attorney that is not terminated by the principal's incapacity.