Power Of Attorney Revocation Form Illinois
Description
How to fill out Affidavit Of Principal That Power Of Attorney Not Revoked And In Full Force?
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FAQ
An Illinois general power of attorney permits an individual to grant personal financial authority to another person so that person can act in their place.
This can be done by filling out Power of Attorney Revocation Form. This is a document that includes a written statement that that the current power of attorney no longer stands, including the declaration that the agent's powers of attorney are null and void.
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.
If you do not sign a Power of Attorney for Health Care, Living Will, or Declaration for Mental Health Treatment, the Health Care Surrogate Act may allow a certain person or persons to make medical and life sustaining treatment decisions without court involvement. This person is called a surrogate.
An Illinois durable power of attorney is a statutory form that allows a person to select someone else to act in their benefit for financial-related decision-making.
