244.41 Authority that requires specific grant, grant of general authority.
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/wi/chapter-244/244-41-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
244.41 Authority that requires specific grant, grant of general authority.
(1)An agent under a power of attorney may do any of the following on behalf of the principal or with the principal’s property only if the power of attorney expressly grants the agent the authority and the exercise of that authority is not otherwise prohibited by another agreement or instrument to which the authority or property is subject:
(a)Create, amend, revoke, or terminate an inter vivos trust.
(b)Make a gift.
(c)Create or change rights of survivorship.
(d)Create or change a beneficiary designation.
(e)Delegate authority granted under the power of attorney.
(f)Waive the principal’s right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan.
(g)Exercise fiduciary powers that the principal has authority to delegate.