Illinois Successor Agent's Certification and Acceptance of Authority
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How to fill out Illinois Successor Agent's Certification And Acceptance Of Authority?
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FAQ
Make financial decisions. Make gifts of money. Make healthcare decisions, including the ability to consent to giving, withholding, or stopping medical treatments, services, or diagnostic procedures.
Nolo's Durable Power of Attorney allows you to name up to two alternate attorneys-in-fact, officially called successors.You can also authorize your attorney-in-fact to appoint someone to serve if all those you named cannot. You do this by giving your attorney-in-fact permission to delegate tasks to others.
A successor agent is the 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. If a named individual is unable or unwilling to serve as agent, the next person in line under the document becomes the agent.
The proper way to sign as an agent is to first sign the principal's full legal name, then write the word by, and then sign your name. You may also want to show that you are signing as an agent by writing after the signature: Agent, Attorney in Fact, Power of Attorney, or POA.
If the person you originally appointed as your attorney-in-fact dies, resigns, is removed, or becomes legally disabled, a new person will assume his or her position as attorney-in-fact. This person is called a successor attorney-in-fact.
When you make or change a durable power of attorney for finances, you are allowed to name more than one agent (or "attorney-in-fact," as this person is known in some states). If your aunt wants to name both niece and nephew, she may do so, but she will have to decide how they should carry out their duties.
If you have executed a Durable Power of Attorney, then you have signed a document appointing a person to make financial decisions on your behalf. The document is called a Power of Attorney, and the person named to make decisions on your behalf is called an Attorney-in-Fact (otherwise known as an Agent).
Definition. An agent authorized to act on behalf of another person, but not necessarily authorized to practice law, e.g. a person authorized to act by a power of attorney. An attorney in fact is a fiduciary. Also known as attorney in fact or private attorney.
Yes, you can name more than one person on your durable power of attorney, but our law firm generally advise against it under most circumstances.With multiple named attorneys-in-fact, there is always the ability for people to conflict on decisions.
