Illinois Power of Attorney
Description
How to fill out Illinois Power Of Attorney?
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FAQ
After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.
Finally, the power of attorney document requires the principal's notarized signature and at least one witness to be effective. Please note, according to Section 3-3.6 of the Illinois Power of Attorney Act, the requirement of at least one witness's signature applies to agencies created after June 9, 2000.
Power of Attorney broadly refers to one's authority to act and make decisions on behalf of another person in all or specified financial or legal matters.Durable POA is a specific kind of power of attorney that remains in effect even after the represented party becomes mentally incapacitated.
A designation of an agent and a written description of their powers. A properly signed power of attorney document (signed by the principal) A properly witnessed and signed power of attorney document (by an individual at least 18 years old)
General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.
In many states, notarization is required by law to make the durable power of attorney valid. But even where law doesn't require it, custom usually does. A durable power of attorney that isn't notarized may not be accepted by people with whom your attorney-in-fact tries to deal.
The person you give the power of attorney to is the agent and you are the principal. The agent is usually a spouse, a close friend, or a trusted relative. The document does not have to be notarized.
General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.
It is governed by the Illinois Power of Attorney Act.He or she must also act in accordance with the law and with the directions in this form. Your agent must keep a record of all receipts, disbursements, and significant actions taken as your agent.