Possible Changes to Wisconsin's Power of Attorney for Finance

The front page of the Wisconsin State Journal ran a somber story on its front page about elder abuse; reports of elder abuse rose to all-time highs in Wisconsin last year. Cases of both self-neglect and financial abuse have risen steadily. Along with the increase in report abuses comes a movement from elder advocates for improvement to Wisconsin's power of attorney for finance. The article mentions that in the next legislative session advocates hope to protect the elderly from financial exploitation.

What, if any, implications this may have for people with existing powers of attorney is unknown. I'll post updates as the legislation advances.