Illinois Statutory Short Form Power Of Attorney For Property

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ILLINOIS STATUTORY SHORT FORM
POWER OF ATTORNEY FOR PROPERTY
(NOTICE: THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU DESIGNATE [YOUR “AGENT”] BROAD
POWERS TO HANDLE YOUR PROPERTY, WHICH MAY INCLUDE POWERS TO PLEDGE, SELL OR OTHERWISE DISPOSE OF ANY REAL
OR PERSONAL PROPERTY WITHOUT ADVANCE NOTICE TO YOU OR APPROVAL BY YOU. THIS FORM DOES NOT IMPOSE A DUTY
ON YOUR AGENT TO EXERCISE GRANTED POWERS, BUT WHEN POWERS ARE EXERCISED, YOUR AGENT WILL HAVE TO USE DUE
CARE TO ACT FOR YOUR BENEFIT AND IN ACCORDANCE WITH THIS FORM AND KEEP A RECORD OF RECEIPTS, DISBURSEMENTS
AND SIGNIFICANT ACTIONS TAKEN AS AGENT. A COURT CAN TAKE AWAY THE POWERS OF YOUR AGENT IF IT FINDS THE AGENT
IS NOT ACTING PROPERLY. YOU MAY NAME SUCCESSOR AGENTS UNDER THIS FORM, BUT NOT CO-AGENTS. UNLESS YOU
EXPRESSLY LIMIT THE DURATION OF THIS POWER IN THE MANNER PROVIDED BELOW, UNTIL YOU REVOKE THIS POWER OR A
COURT ACTING ON YOUR BEHALF TERMINATES IT, YOUR AGENT MAY EXERCISE THE POWERS GIVEN HERE THROUGHOUT YOUR
LIFETIME, EVEN AFTER YOU BECOME DISABLED.
THE POWERS YOU GIVE YOUR AGENT ARE EXPLAINED MORE FULLY IN
SECTION 45/3-4 OF THE ILLINOIS “STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY LAW” OF WHICH THIS FORM
IS A PART [SEE THE BACK OF THIS FORM]. THAT LAW EXPRESSLY PERMITS THE USE OF ANY DIFFERENT FORM OF POWER OF
ATTORNEY YOU MAY DESIRE. IF THERE IS ANYTHING ABOUT THIS FORM THAT YOU DO NOT UNDERSTAND, YOU SHOULD ASK A
LAWYER TO EXPLAIN IT TO YOU.)
POWER OF ATTORNEY made this
day of
, 20_____________,
1.
I,
(Insert name and address of principal)
of the
of
, County of
in the
State of
hereby appoint
(Insert name and address of agent)
of the
of
, County of
in the State of
, as my attorney-in-fact (my “agent”) to act for me and in my name (in
any way I could act in person) with respect to the following powers, as defined in Section 3-4 of the “Statutory Short
Form Power of Attorney for Property Law” (including all amendments), but subject to any limitations on or additions to
the specified powers inserted in paragraphs 2 or 3 below:
(YOU MUST STRIKE OUT ANY ONE OR MORE OF THE FOLLOWING CATEGORIES OF POWERS YOU DO NOT
WANT YOUR AGENT TO HAVE. FAILURE TO STRIKE THE TITLE OF ANY CATEGORY WILL CAUSE THE
POWERS DESCRIBED IN THAT CATEGORY TO BE GRANTED TO THE AGENT. TO STRIKE OUT A
CATEGORY, YOU MUST DRAW A LINE THROUGH THE TITLE OF THAT CATEGORY.)
a.
Real estate transactions.
b.
Financial institution transactions.
c.
Stock and bond transactions.
d.
Tangible personal property transactions.
e.
Safe deposit box transactions.
f.
Insurance and annuity transactions.
g.
Retirement plan transactions.
h.
Social Security, employment and military service benefits.
i.
Tax matters.
j.
Claims and litigation.
k.
Commodity and option transactions.
l.
Business operations.
m.
Borrowing transactions.
n.
Estate transactions.
o.
All other property powers and transactions.
Page 1 of 7 – Brian Rubin – Special Needs Future Planning – Law Offices of Brian Rubin & Associates – 866.to.rubin –

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