Mark Required Fields In Legal Illinois Power Of Attorney Forms For Free

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.

3-3. Statutory short form power of attorney for property. (a) The form prescribed in this Section may be known as "statutory property power" and may be used to grant an agent powers with respect to property and financial matters.

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.

While you should always consult an Illinois attorney before drafting or signing a power of attorney form, the Illinois state government provides a statutory short form power of attorney form as a template.

The document must be notarized. So you will need to have the notary present when you sign. Effective January 1, 2024, electronic signatures are permitted in certain power of attorney documents. A notary or witness can be "electronically present" to electronically sign.

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.