The limited power of attorney permits a person, known as the principal, to grant restricted access to their financial activity and decision making abilities. The principal must first select who they would like to act in their presence, then write in the document specifically what type(s) of powers the agent will hold.
The powers may be anything from picking up mail to closing on a real estate transaction on the principal’s behalf. As per Wisconsin law, the document must be signed in the presence of a notary public in order to be accepted.