Illinois Power of Attorney For Property

Illinois Power of Attorney For Property

I, [Your Name], residing at [Your Address], hereby appoint [Agent's Full Name], residing at [Agent's Full Address], as my attorney-in-fact (hereinafter referred to as "Agent") to act in my name, place, and stead to manage, handle, and make decisions concerning my property and financial affairs, as described below.

I. Effective Date and Duration

This Power of Attorney shall be effective immediately upon signing and shall continue to remain in full force and effect unless revoked by me in writing or through a subsequent Power of Attorney. It shall be effective even if I become incapacitated or unable to make decisions regarding my property.

II. Powers Granted

My Agent shall have full power and authority to perform any acts necessary or desirable to manage and control my property and financial affairs, including but not limited to the following:

  • To buy, sell, lease, mortgage, or otherwise deal with any real or personal property that I own or may acquire in the future.

  • To manage, invest, and reinvest my assets, including stocks, bonds, mutual funds, and other securities.

  • To open, close, and manage bank accounts, safety deposit boxes, and other financial accounts in my name.

  • To collect and receive any debts, rents, dividends, interest, or other income owed to me.

  • To pay my bills, taxes, insurance premiums, and other expenses.

  • To file and sign documents, including tax returns and applications for government benefits, on my behalf.

  • To access and manage my digital assets, including but not limited to email accounts, social media profiles, and online financial accounts.

  • To represent me in legal proceedings related to my property and financial matters.

  • To delegate any of the powers granted herein to third parties as my Agent deems necessary or convenient.

III. Limitations

Notwithstanding the broad powers granted above, my Agent shall not have the authority to make gifts of my property or to act in a manner that is contrary to my best interests.

IV. Compensation

My Agent shall serve without compensation unless otherwise agreed upon in a separate agreement or by law.

V. Successors

If my Agent is unable or unwilling to serve, I hereby appoint [Successor Agent's Full Name], residing at [Successor Agent's Full Address], as my successor Agent with the same powers and authority granted herein.

VI. Reliance on Agent's Authority

Any third party who receives a copy of this Power of Attorney may rely upon it as a valid copy and may rely upon representations made by my Agent as being made by me.

VII. Revocation

I reserve the right to revoke this Power of Attorney at any time by providing written notice to my Agent and any third parties who may rely on it.

VIII. Governing Law

This Power of Attorney shall be governed by the laws of the State of Illinois.

IN WITNESS WHEREOF, I have hereunto set my hand and seal this [Date] day of [Month, Year].

[Your Name]

[Agent's Full Name]


Notary Acknowledgement

State of Illinois

On this [Date] day of [Month, Year], before me, a Notary Public in and for said State, personally appeared [Your Name], known to me (or proved to me based on satisfactory evidence) to be the person whose name is subscribed to the foregoing instrument and acknowledged that he/she executed the same in his/her authorized capacity.

Witness my hand and official seal.

[NOTARY PUBLIC'S NAME]

My Commission Expires:           

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