Limited Power of Attorney Form | Illinois
FillUpdated on May 5th, 2023
An Illinois limited power of attorney form provides a resident with the opportunity to transfer limited financial powers to another individual (referred to as an attorney-in-fact or agent). The selected representative will be able to act on behalf of the resident for the completion of a singular, agreed-upon act. Once the act has been completed, the agreement becomes void.
The individual creating the power of attorney can also revoke it through the creation of a new document or through a power of attorney revocation form.
Laws
- Statute – 755 ILCS 45/Art. II (Illinois Power of Attorney Act)
- Signing Requirements (755 ILCS 45/3-3(b)) – The limited power of attorney must be signed before a witness and acknowledged by a notary public.
