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Power of Attorney
Illinois
Illinois Successor Agent's Certification and Acceptance of Authority

Successor Agent In Power Of Attorney

Category:

Power of Attorney - Certification

State:

Illinois

Control #:

IL-P003F

Format:

Instant download

Description

The Successor Agent's Certification and Acceptance of Authority form is designed for individuals appointed as successor agents under a power of attorney. This document confirms the successor agent's understanding and acceptance of their responsibilities in the absence of the original agent. Key features include certification of the power of attorney's validity, acknowledgment of the principal's capacity and availability, and acceptance of the appointment under penalty of perjury. To complete the form, the successor agent must fill in the name of the principal, the unavailable agent, and the reason for their unavailability, followed by their signature and date. This form is particularly useful for attorneys, partners, and legal professionals who advise clients on estate planning and power of attorney matters. By ensuring the correctness and legality of the power of attorney document, this form provides clarity and security for all parties involved. Moreover, it serves as a formal acknowledgment that the successor agent is stepping into the role when needed, thereby protecting the interests of the principal.

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FAQ

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

A successor agent is a person named to serve as a backup agent if the first person named as agent cannot serve due to death, incapacity, resignation or refusal to act.

The successor trustee has control over all assets included in your trust. The power of attorney agent is similar, however, not identical. You may still appoint the power of attorney agent as you appointed your trustee and successor trustee, but the power of attorney agent has slightly more power.

If you need to sign a check for her, the usual procedure is to write her name on the top line and then add your name and title underneath, Mr. Rubenstein says. For example, you would write your mother's name on the main line. Underneath it, you would write: "By (insert your own name), as attorney in fact."

Commonly, among those powers and authorities, your agent will be able to write checks, make deposits, pay bills, take care of your house, your bank account, your car, your retirement plan, enter your safe deposit box, and pay your taxes.