Delete Pages From Legal Illinois Durable Power Of Attorney Forms For Free

A power of attorney is a very important estate planning document that needs to be drafted properly (preferably by an estate planning lawyer) and witness & notarized by a licensed notary in the state.

You can designate only certain financial authority to your power of attorney if you wish, and the financial power of attorney can be durable or non-durable. For example, a non-durable power of attorney, such as an investment banker, may have the authority to manage your investments until you become incapacitated.

A durable power of attorney is permitted by all fifty states. In fact, each state has a form that was created by the state legislature which individuals may use. Illinois law provides a form for both a Durable Power of Attorney for Health Care and a Durable Power of Attorney for Property and Finances.

In Illinois, the basic requirements for a power of attorney include: The form must designate the agent and the agent's powers. The principal must properly sign the agreement. Certain forms make the principal acknowledge their signature before a witness or notary public (the notary public may not also be the witness)

For real estate transaction, Illinois requires the filing of a standard power of attorney form called the Illinois Statutory Short Form Power of Attorney for Property. It is a boilerplate document anyone can fill out, sign, and have notarized with the help of a licensed attorney.

A court, however, can take away the powers of your agent if it finds that the agent is not acting properly. You may also revoke this Power of Attorney if you wish.