Chicago, Illinois General Power of Attorney — Form 11— - Pre and Post 2005 Act allows individuals in Chicago, Illinois, to designate a trusted person to handle their financial and legal affairs. This legal document grants comprehensive powers to the appointed agent, enabling them to make decisions and take actions on behalf of the principal, even if they become incapacitated. Before and after the implementation of the 2005 Act, there are certain key differences that distinguish the two versions of the Chicago, Illinois General Power of Attorney — Form 11A. Understanding these distinctions is crucial for individuals seeking to create or update their power of attorney documents. Pre-2005 Act: The pre-2005 Act version of the Chicago, Illinois General Power of Attorney — Form 11A contains specific provisions that grant the agent broad powers. It allows the agent, also known as the attorney-in-fact or the surrogate decision-maker, to handle various financial and legal matters on behalf of the principal. This may include managing the principal's bank accounts, real estate affairs, personal property, investments, taxes, and other financial transactions. Post-2005 Act: Following the passage of the 2005 Act, certain modifications were made to the Chicago, Illinois General Power of Attorney — Form 11A to address concerns about potential abuse or misuse of the authority granted to the agent. The post-2005 Act version incorporates additional safeguards and limitations to protect the principal's interests. These changes aim to ensure that the agent acts in the principal's best interests and within the scope of their authority. Key Differences: 1. Durability: The post-2005 Act generally includes a durability provision, ensuring that the power of attorney remains effective even if the principal becomes incapacitated. In contrast, the pre-2005 Act may require separate documents, such as a durable power of attorney, to maintain authority during incapacity. 2. Notice Requirements: The post-2005 Act typically imposes obligations on the agent, requiring them to provide written notice to certain individuals or institutions upon accepting the appointment. This serves as a protective measure, preventing unauthorized actions by the agent. 3. Power Expansion: The post-2005 Act may offer expanded powers to the agent, allowing them to manage digital assets, engage in estate planning, and handle healthcare decisions if specifically authorized by the principal. 4. Execution and Revocation: Both versions of the Chicago, Illinois General Power of Attorney — Form 11A generally require the document to be signed, witnessed, and notarized to be legally valid. However, the post-2005 Act adds additional requirements for witnessing and attestation. Additionally, revoking a power of attorney is subject to specific procedures under both versions. Creating a power of attorney is an essential step in effective estate planning and ensuring that an individual's financial and legal affairs are managed according to their wishes. Consulting with an experienced attorney can provide guidance on the appropriate version of the Chicago, Illinois General Power of Attorney — Form 11A based on individual circumstances and preferences.
Chicago Illinois General Power of Attorney - Form 11A - Pre and Post 2005 Act
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How to fill out Chicago Illinois General Power Of Attorney - Form 11A - Pre And Post 2005 Act?
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Following methods: ? MyTax Illinois ? Upload it as a single PDF file using. mytax.illinois.gov. ? Email ? Attach it as a single PDF file and send to. REV.POA@illinois.gov.? Fax ? Send it as a single fax to 217 782-4217.ILLINOIS DEPARTMENT OF REVENUE. POWER OF ATTORNEY FORMS 3-252. PO BOX 19001.
Fax ? Fax it to 217 782-4217. You should send each Form IL-2848 as a separate fax. Do not include a cover page. These request will be processed in three business days, and you will only receive notification if your request is denied.
Fax or Mail Forms 2848 and 8821 If you can't use an online option, you can fax or mail authorization forms to us. Use for: Individual or business taxpayer. Any tax matter or period.
You can use Form 2848, Power of Attorney and Declaration of Representative for this purpose. Your signature on the Form 2848 allows the individual or individuals named to represent you before the IRS and to receive your tax information for the matter(s) and tax year(s)/period(s) specified on the Form 2848.
Does Form 2848 Need to be Notarized? Form 2848 does not need to be notarized. However, the person submitting the form is required to authenticate their client's identity if they do not have a personal or business relationship with them.
An Illinois tax power of attorney (Form IL-2848) can be utilized to delegate a person, usually, an accountant or tax adviser, to represent another person in matters related to your Illinois taxes.
Submit your completed form to REV.POA@illinois.gov. Do not attach to your tax return. You also may be required to provide a copy of this form to a representative of the Illinois Department of Revenue. This power of attorney automatically expires 10 years from the date it is signed.
Following methods: ? MyTax Illinois ? Upload it as a single PDF file using. mytax.illinois.gov. ? Email ? Attach it as a single PDF file and send to. REV.POA@illinois.gov.? Fax ? Send it as a single fax to 217 782-4217.ILLINOIS DEPARTMENT OF REVENUE. POWER OF ATTORNEY FORMS 3-252. PO BOX 19001.
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.