Updated on September 30th, 2022
An Illinois general power of attorney is a legal document used by an individual (the principal) to give a third party (the agent) control and responsibility over their affairs, allowing them to act on the principal’s behalf. This document can apply to all financial, business, or property-related activities, and the exact scope of the agent’s power can be specified by the principal. A general power of attorney remains valid until it is revoked via written revocation document, the termination date is reached, or upon the incapacitation of the principal.
Laws – Rights and Remedies, Chapter 755, Act 45 (Illinois Power of Attorney Act)
Signing Requirements (755 ILCS 45/3-3(b)) – Notary Public and One (1) Witness
Durable Power of Attorney – A durable power of attorney is used by a principal to grant an agent legal powers that remain in place even in the event of the principal’s incapacitation.