The Wisconsin General Power of Attorney Form is used when the Principal needs an Agent who can manage all aspects of their Financial affairs. This includes, but is not limited to, depositing or withdrawing funds from their bank accounts, signing financial agreements such as leases or loans on their behalf and purchasing or renting large scale property like real estate or automobiles.
While all Power of Attorney agreements require that the Principal choose an Agent that they put a significant amount of trust in, this agreement in particular requires an Agent that the Principal is sure of. As it transfers a significant amount of power to the Agent, and usually goes into effect immediately upon being signed, there is unfortunately a high potential for abuse, either intentional or not. If the Principal is at all unsure of their choice of Agent, they may wish to consider a Limited Power of Attorney instead.