Illinois Power of Attorney - GUIDE - YouTube

the illinois power of attorney in this  video we will explain what types of  

power of attorneys there are and what you  need to know when creating one in illinois  

what is a power of attorney a power of attorney  is a document that allows you to legally appoint  

someone else to make specific decisions on your  behalf if you need help or lose the ability to  

make decisions it might also be handy when you  need someone to handle your financial or other  

matters for a short period for example  during your vacation or hospital stay  

someone who's giving authority is called a  principal while the person receiving the authority  

is usually called an agent or an attorney in fact  but some of the less common names also include  

representative proxy and surrogate what  types of power of attorney can you create  

by duration a durable power of attorney which is  used if you need a poa that will remain in effect  

even if you become incapacitated in many  states the durability of power of attorney  

is presumed which means the document is  considered durable unless otherwise provided  

a general power of attorney this is used if  you need a power of attorney that will expire  

if you become incapacitated by a certain date  or once specific actions have been completed  

it is usually used to lawfully deal with various  financial matters on the principal's behalf  

types by the scope of powers granted to an agent a  limited power of attorney this is used if you want  

to grant limited rights to a trusted person such  a document can be used to let someone else take  

care of your routine related to personal business  and financial matters a general power of attorney  

this is used if you want to cover a broad range  of authorities granted to an agent in the document  

types by object a vehicle power of attorney  this is used if you want to authorize an agent  

to act in regards to your vehicle on your  behalf a tax power of attorney this is used  

if you need to delegate the authority to file  your taxes to another person a person can be  

authorized to file both federal and state taxes  if federal taxes are to be filed on your behalf  

a statutory form or special federal form 2848  should be used however most states provide their  

own tax poa forms and do not accept the federal  one a child power of attorney this is used if  

you want to hand over full or partial control  over your child or minor to a person you trust  

for a certain period of time a real estate power  of attorney this is used if you need to authorize  

someone else to perform single or multiple  transactions in regards to your real estate  

a medical power of attorney this is used if  you need a person who would deal with medical  

decisions related to your health care in the  event you are no longer able to do it yourself  

this poa can sometimes be combined with other  medical forms such as a living will or advanced  

health care directive how do you revoke a power  of attorney depending on the type of the power  

of attorney requirements for revocation may vary  generally revocation of power of attorney happens  

when the principal dies the principle becomes  incapacitated for non-durable powers of attorney  

the principle creates a revocation act there  is a special condition about the revocation  

date in the document the purpose of power  of attorney can be considered accomplished  

the agent cannot continue acting as such and  the document does not provide for another agent  

finally a court appoints a fiduciary to revoke  the document creating a power of attorney in  

illinois in the state of illinois any power of  attorney is considered durable unless otherwise  

is provided in the document in terms of signing  requirements the principal signature attested by  

a notary public and at least one adult witness is  needed however when it comes to a vehicle power  

of attorney only the principal's signature  is required for a medical power of attorney  

notarization is not statutorily required but it  is highly recommended to notarize the document  

for a tax power of attorney only the taxpayers  and representative signatures are needed  

provided that the agent is an attorney  certified accountant or enrolled agent  

if not the document should be witnessed or  notarized to create a general or durable  

power of attorney stick to the statutory forms  provided in the illinois compiled statutes  

to create a durable power of attorney for health  care you can use a specific form provided in the  

illinois compiled statutes or on the website  of the illinois department of public health  

if you want to find a power of attorney form to  lawfully authorize an agent to file the taxes  

for you the illinois department of revenue  provides a specific power of attorney form  

called il2848 on their website to empower  someone else to handle your vehicle-related  

matters use special forms provided at  the illinois secretary of state website  

the state of illinois also allows for  creating a springing power of attorney  

such a document is put in force only  in the event you become incapacitated