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In illinois each individual has the right to appoint an agent to make property and financial decisions for the individual.
Durable power of attorney illinois requirements. In march 2011 atg published an article that provided an overview of the amendments to the illinois power of attorney act 755 ilcs 45. Illinois durable power of attorney laws cover these types of scenarios and may also extend beyond a patient s death to permit an organ donation or to direct how one s remains are to be disposed of. Designate the agent and the agent s powers. Power of attorney for property.
The law governing poas both financial and medical is found in the illinois compiled statutes chapter 755 article 45 known as the illinois power of attorney act the basic requirements for a power of attorney in illinois for financial matters are that it must. T he principal may empower the agent to act throughout the principal s lifetime including during periods of disability and. See 755 ilcs 45 2 1 3 3 illinois power of attorney act. Finally the power of attorney document requires the principal s notarized signature and at least one witness to be effective.
The key points of illinois durable power of attorney laws are listed in the table below. Please note according to section 3 3 6 of the illinois power of attorney act the requirement of at least one witness s signature applies to agencies created after june 9 2000.
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