The Indiana durable power of attorney form is a document by which an individual (principal) can authorize an agent (attorney-in-fact) to act on their behalf during their lifetime and in the event that they become incapacitated or die. This authorization is used primarily for making financial decisions in the principal’s interest. In Illinois, there is no restriction as to who individuals can appoint as their attorney-in-fact. However, people are recommended to appoint someone who lives nearby, so they can more easily carry out business transactions face-to-face as needed. It’s also prudent to name an alternate attorney-in-fact in case the first choice turns out to be unavailable when needed. A power of attorney can be revoked by the principal at any time.
Laws – Title 30, Article 5 (Powers of Attorney)
Signing Requirements (§ 30-5-4-1) – Powers of attorney require the principal’s signature and a notary acknowledgment.