Illinois General Power of Attorney Form

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The Illinois General Power of Attorney Form is used to give the Attorney-in-Fact general power over the Principal’s affairs, most of them financial. Broadly speaking, it gives the Attorney-in-Fact power to deposit or withdraw money from the Principal’s bank accounts, give gifts on their behalf and buy large pieces of property that would normally require the Principal’s signature (such as a car or a piece of real estate).

It should be noted that under Illinois state law, Power of Attorney Agreements are not automatically springing, and will therefore go into effect immediately upon being signed unless the agreement itself states otherwise. If the Principal wishes for the Attorney-in-Fact to only gain their powers upon the Principal being incapacitated, they must state as such in the agreement.

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