Durable Power Of Attorney For Property/illinois Statutory Short Form Power Of Attorney For Property Page 8

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(successor agent)
(principal)
..........................
.............................
(successor agent)
(principal)
(NOTE: The name, address, and phone number of the person preparing this form or who
assisted the principal in completing this form should be inserted below.)
Name: .......................
Address: ....................
..............................
..............................
Phone: .................... "
(e) Notice to Agent. The following form may be known as "Notice to Agent" and shall be
supplied to an agent appointed under a power of attorney for property.
"NOTICE TO AGENT
When you accept the authority granted under this power of attorney a special legal
relationship, known as agency, is created between you and the principal. Agency imposes
upon you duties that continue until you resign or the power of attorney is terminated or
revoked.
As agent you must:
(1) do what you know the principal reasonably expects you to do with the principal's
property;
(2) act in good faith for the best interest of the principal, using due care, competence, and
diligence;
(3) keep a complete and detailed record of all receipts, disbursements, and significant
actions conducted for the principal;
(4) attempt to preserve the principal's estate plan, to the extent actually known by the
agent, if preserving the plan is consistent with the principal's best interest; and

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