Power of Attorney for Property (Statutory Short Form) (IL)
Summary
This template is a statutory short-form power of attorney for property for use in Illinois to appoint an agent to act on the client's behalf. It provides the designated agent with broad authority to manage the property and other personal affairs of the client. This template includes practical guidance, drafting notes, and alternate and optional clauses. This template is based on the Statutory Short-Form Power of Attorney for Property, which appears in Article III to the Illinois Power of Attorney Act (Act). See 755 Ill. Comp. Stat. 45/3-3. A power of attorney in substantially the same format as this template may be used to create a statutory power of attorney under the Act. See 755 Ill. Comp. Stat. 45/3-3(a). The Act does not prohibit an individual from using a different or non-statutory form to grant powers to an agent as long as (1) the principal executes the document, (2) it names the agent and agent's powers, (3) at least one individual witnesses the principal's signature, and (4) ...