if you give a power of attorney, you are called the principal and the person you give it to is called the agent or the attorney-in-fact. however, a power of attorney may say that it is to remain in effect even if you become disabled or incapacitated. with a power of attorney, an agent is often entrusted with important decisions, and the agent may have access to some or all of your property. if the agent does not respect your wishes, you should revoke the power of attorney.
if you want to give an agent the power to sell land, or to transfer or encumber title to land in some other way, the power of attorney must be signed in front of a notary, who must note that you signed it voluntarily for the purposes mentioned in it. to revoke a power of attorney, you should give a signed written notice to the agent and, if possible, to anyone who has been relying on the power of attorney. a court may, for example, decide whether a third person must honor a power of attorney, it may order an agent to give an accounting to you or to a third party, or it may interpret or modify the power of attorney or remove the agent. if you do not understand anything in the form below, you should speak with a lawyer before signing it.
a general power of attorney allows the agent to act on behalf of the principal in any matters, as allowed by state laws. the a general power of attorney allows a principal to elect a legal representative, known as an “agent” or “attorney-in-fact”, to handle their financial decisions a general power of attorney (poa) is a legal document that gives a trusted individual or organization permission to manage legal and financial matters for you,, power of attorney form, power of attorney form, durable power of attorney.
an illinois general power of attorney permits an individual to grant personal financial authority to another person so that person can act in their place. a general power of attorney (gpoa) is a similar legal document that allows your parents to appoint you as their agent. as a gpoa, your duties will end if your to give a power of attorney, you must have the mental capacity to understand what you are doing. once you have lost that capacity, it is too late for you to sec. 3-1. purpose. the general assembly finds that the public interest requires a standardized form of power of attorney, .
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