![]() ![]() Modifying Or Limiting The Agent’s Principal Power This results in a list of principal powers that shall be considered a type of authority the Attorney-in-Fact will be allowed to wield in the Principal’s name. Any type of power the Illinois Principal does not wish to grant the Attorney-in-Fact should be struck through with a horizontal line to cancel its effect. ![]() The Principal should read through this list of powers. Every type of principal power that can be legally delivered to the Attorney-in-Fact (in the State of Illinois) so that he or she can conduct the affairs of the Principal is listed for review and approval. ![]() The Agent That shall accept the authority to carry out the Principal’s directives must be identified in the Attorney-in-Fact role. The Illinois Party seeking to designate an Agent with the principal power to act in his or her name should be identified as the Principal behind this document. The Principal who intends to use this template to grant an Attorney-in-Fact the authority he or she possesses in one or more matters must read through the introduction then initial the blank line at the bottom of the page as confirmation to his or her comprehension to this material. How to Writeĭownload: PDF, MS Word, OpenDocument Introduction The Illinois Compiled Statutes do contain a statutory form for a Durable Power Attorney available in 755 ILCS 45/3-3. The agent must sign on the last page located on the Agent’s Certification ( 755 ILCS 45/3-3.6) Statutory Form The principal must sign with one (1) witness and a notary public. The Illinois Compiled Statutes do not define “power of attorney,” but refer to an “agency” relationship in the Act’s section on Durable Powers of Attorney Signing Requirements The Illinois Compiled Statutes do not define “durable,” but refer to enduring through “incapacity” in the Act’s section on Durable Powers of Attorney Definition of “Power of Attorney” Table of ContentsĬhapter 755, Act 45 (Power of Attorney Act) Definition of “Durable” It is recommended to only entrust this designation to someone known to be honest and reliable. The term “durable” refers to the form remaining valid even if the person who handed over power becomes incapacitated or mentally not able to speak for themselves. An Illinois durable power of attorney is a statutory form that allows a person to select someone else to act in their benefit for financial-related decision-making. ![]()
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