This Power of Attorney is a statutory form which means it has been approved by the state legislature. It provides for the appointment of an attorney-in-fact for various matters, which you select, including property, finances, real estate, business, banking, litigation and many more options. Note: Do not alter this statutory form other than to include the optional provisions listed.
Chicago Illinois Statutory General Power of Attorney with Durable Provisions - Short Form Power of Attorney for Property
Category:
State:
Illinois
City:
Chicago
Control #:
IL-P010
Format:
Word;
Rich Text
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How to fill out Illinois Statutory General Power Of Attorney With Durable Provisions - Short Form Power Of Attorney For Property?
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FAQ
For your power of attorney to be valid in Rhode Island, you must sign your POA in the presence of a notary public.
A statutory form is a form created by a government, usually designed to serve as a model form or a free form for the public. The text of the form resides within the government's statutes. For example, many states have statutory durable powers of attorney forms written into their laws.
AgeLab outlines very well the four types of power of attorney, each with its unique purpose: General Power of Attorney.Durable Power of Attorney.Special or Limited Power of Attorney.Springing Durable Power of Attorney.
A statutory short form power of attorney used by an individual residing in New York to authorize a third party to manage the individual's property and financial matters.
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.
Witnessing and Notarization Requirement To make a POA in Illinois, you must sign the POA in the presence a notary public and at least one witness. The notary public cannot act as the witness.
The witness must be at least 18 years old and be mentally competent. The witness must not be: Your doctor or healthcare provider. A person you listed as an agent in the document.
NOTE: The Minnesota Legislature also publishes a sample form: Minn. Stat. § 523.23 Statutory short form of general power-of-attorney. For more information on the definitions and other legal issues, read Minn.
A power of attorney can only be given by deed and the following formalities must be satisfied: the deed must be in writing; it must be made clear that it is intended to be a deed (this can be done by using wording such as ?by way of deed?? at the start of the instrument and ?executed as a deed? at the end);
(NOTE: This power of attorney will not be effective unless it is signed by at least one witness and your signature is notarized, using the form below.