The Illinois Report of Attorney-in-Fact or Consul is a legal document filed with the Illinois Secretary of State in order to authorize a business or individual to act on behalf of another person or entity. This document is used when a person or entity wishes to grant authority to another person or entity to transact business or make decisions in their behalf. The document is commonly used in the formation of a corporation, limited liability company, partnership, or non-profit organization. There are two types of Illinois Report of Attorney-in-Fact or Consul: a Domestic Report and a Foreign Report. A Domestic Report is used when the attorney-in-fact or consul is domiciled in Illinois, while a Foreign Report is used when the attorney-in-fact or consul is not domiciled in Illinois. Both reports must include the name and address of the attorney-in-fact or consul, the name of the appointing person or entity, the purpose of the appointment, and the name of the business or organization in which the attorney-in-fact or consul is to act. The Secretary of State must be notified of any changes to the report within ten days of the change.
Illinois Report of attorney-In-Fact Or Consul
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FAQ
When you create a durable power of attorney, the person you name to act on your behalf is legally known as an Attorney-In-Fact. An Illinois Attorney-In-Fact should be trusted to carry out your wishes following the guidelines and criteria you established.
The purpose of this Power of Attorney is to give your designated "agent" broad powers to handle your financial affairs, which may include the power to pledge, sell, or dispose of any of your real or personal property, even without your consent or any advance notice to you.
Purpose. The General Assembly recognizes the right of the individual to control all aspects of his or her personal care and medical treatment, including the right to decline medical treatment or to direct that it be withdrawn, even if death ensues.
The document must be notarized. So you will need to have the notary present when you sign. Once it is signed, make multiple copies. Give a copy to the agent and copies to the people, agencies, and companies that your agent will need to deal with.
An Illinois power of attorney form allows a person to choose someone else to make decisions on their behalf for medical, financial, parental, or other related purposes. Depending on the type of form, it will be required to complete and sign in ance with State law.
File a Copy With the Recorder of Deeds If you gave your agent the power to conduct real estate transactions, you should also file a copy of your POA in the land records office (called the recorder of deeds in Illinois) in the county where you own real estate.
How to get power of attorney in Illinois Select your agent and discuss financial, medical, or general responsibilities. Choose the right type of POA to suit your needs. Write the POA agreement on the statutory forms. Ensure the document complies with state laws. Sign and execute the POA form ing to Illinois law.