Illinois Secure Power of Attorney
Illinois Secure Power of Attorney
Purpose
This Illinois Secure Power of Attorney is established to plan for the possibility of the Principal becoming incapacitated due to illness, injury, or advanced age. By appointing a trusted Agent, the Principal ensures that their financial and legal affairs will be managed according to their preferences and best interests.
I. Appointment of Agent
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Name], residing at [Agent's Address], as my Agent to act on my behalf in all matters related to my financial and legal affairs as outlined in this Secure Power of Attorney.
II. Authority Granted to Agent
I grant my Agent the following powers and authorities to be exercised on my behalf:
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Management of finances, including but not limited to banking, investments, and real estate transactions.
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Payment of bills, taxes, and other financial obligations.
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Access to and management of my safe deposit box(es).
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Representation in legal proceedings, including the ability to retain legal counsel on my behalf.
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Making decisions regarding healthcare matters if specifically designated in a separate document such as a Healthcare Power of Attorney.
III. Limitations on Agent's Authority
The Agent's authority is limited to the powers expressly granted in this Secure Power of Attorney. The Agent does not have the authority to make gifts or to change beneficiary designations unless specifically authorized in writing.
IV. Duties and Responsibilities of Agent
In accepting this appointment, my Agent agrees to:
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Act in my best interests and under my wishes.
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Keep accurate records of all transactions conducted on my behalf.
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Avoid any conflicts of interest and refrain from self-dealing.
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Provide periodic reports to me, my designated family members, or other interested parties as requested.
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Exercise the powers granted with diligence, prudence, and under applicable laws.
V. Successor Agent
If my Agent is unable or unwilling to act on my behalf, I hereby appoint [Successor Agent's Name], residing at [Successor Agent's Address], as my Successor Agent with the same powers and authorities granted herein.
VI. Signature Section
In Witness Whereof, the Principal has executed this Illinois Secure Power of Attorney on [Date].
Agreed and signed by [Your Name], the Principal.
[DATE]
[AGENT'S NAME]
[DATE]
Witness Acknowledgement
We, the undersigned witnesses, attest that the Principal signed this Secure Power of Attorney in our presence and appeared to be of sound mind and under no duress.
Witness 1:
[WITNESS 1 FULL NAME]
[DATE]
Witness 2:
[WITNESS 2 FULL NAME]
[DATE]
Notary Acknowledgement
State of Illinois
County of [County Name]
On this day of , 20, before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
