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Preview - Illinois Durable Power of Attorney Form
Illinois Durable Power of Attorney
This Durable Power of Attorney is made in accordance with the laws of the State of Illinois. It allows you to designate someone you trust to manage your finances and make decisions on your behalf in the event you become incapacitated.
Principal Information:
Name: ____________________________
Address: ____________________________
City, State, Zip Code: ____________________________
Agent Information:
Name: ____________________________
Address: ____________________________
City, State, Zip Code: ____________________________
Authority Granted:
The Agent shall have the authority to act on behalf of the Principal with respect to:
- Managing bank accounts
- Investing in financial instruments
- Paying bills and expenses
- Tax matters
- Real estate transactions
- Legal matters
Effective Date:
This Durable Power of Attorney shall become effective immediately upon signing.
Durability:
This Power of Attorney shall not be affected by the subsequent incapacity of the Principal.
IN WITNESS WHEREOF, I, the undersigned Principal, have executed this Durable Power of Attorney on this ____ day of __________, 20___.
Principal's Signature: ____________________________
Witnesses:
- _____________________________ (Signature) - __________________ (Printed Name)
- _____________________________ (Signature) - __________________ (Printed Name)
Notary Public:
State of Illinois
County of __________________
Subscribed and sworn to before me this ____ day of __________, 20___.
Notary Public Signature: ____________________________
My Commission Expires: ____________________________
Create Other Common Durable Power of Attorney Forms for Different States
How to Get a Power of Attorney in Florida - A Durable Power of Attorney gives you the ability to name alternate agents as backups.
Power of Attorney California Form - It simplifies decision-making during critical times when the principal cannot communicate.
Similar forms
- General Power of Attorney: Like the Durable Power of Attorney, this document grants authority to an agent to make decisions on behalf of the principal. However, it typically becomes invalid if the principal becomes incapacitated.
- Healthcare Proxy: This document allows an individual to designate someone to make medical decisions on their behalf if they are unable to do so. It is similar in that it empowers another person to act, but it is specifically focused on healthcare matters.
- Living Will: A living will outlines a person's wishes regarding medical treatment in scenarios where they cannot communicate. While it does not appoint an agent, it complements the Durable Power of Attorney by providing guidance on healthcare decisions.
- Financial Power of Attorney: This document specifically grants authority to manage financial matters. It is similar to the Durable Power of Attorney but may not include healthcare decisions, focusing solely on financial transactions and obligations.
- Revocable Trust: A revocable trust allows a person to place their assets into a trust, which can be managed by a trustee. It is similar in that it allows for the management of assets but differs in its structure and purpose, as it can avoid probate.
- Advance Healthcare Directive: This document combines elements of a living will and a healthcare proxy. It specifies medical preferences and designates an agent, similar to the Durable Power of Attorney but with a healthcare focus.
- Guardianship Documents: These documents establish a legal guardian for a minor or incapacitated adult. While they differ in that they require court approval, they share the goal of ensuring that someone can make decisions for another person.
- Will: A will is a legal document that outlines how a person's assets will be distributed after their death. While it does not grant authority during life, both a will and a Durable Power of Attorney are essential components of estate planning.