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Drafting The Letter Identify the Principal and Agent: State both parties full names, addresses, and contact information. Define the Scope of Authority: Specify what powers are granted and include limits if needed. Set the duration: Indicate the start and end dates or state whether the POA is durable.
The document must be notarized. So you will need to have the notary present when you sign. Effective January 1, 2024, electronic signatures are permitted in certain power of attorney documents. A notary or witness can be electronically present to electronically sign.
The purpose of this Power of Attorney is to give your designated agent broad powers to handle your financial affairs, which may include the power to pledge, sell, or dispose of any of your real or personal property, even without your consent or any advance notice to you.
To make a POA in Illinois, you must sign the POA in the presence a notary public and at least one witness. The notary public cant act as the witness. A notary or witness can be electronically presentmeaning they can witness your signature in real time using audio-video technology.
An Illinois POA form is a legal document that allows a person (the principal) to designate an agent to make decisions on their behalf. These decisions can involve financial, healthcare, or other personal matters, depending on the type of POA.
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