The Illinois Limited Power of Attorney Form gives the Attorney-in-Fact very specific powers to act on behalf of the Principal. This is generally to give the Attorney-in-Fact the power to manage a single aspect of the Principal’s finances, or to allow the Attorney-in-Fact to perform a specific task on behalf of the Principal. This can include depositing or making withdrawals from the Principal’s accounts or simply filing taxes on the Principal’s behalf.
Power of Attorney agreements in Illinois are not automatically Springing and will thus go into effect immediately upon being signed, unless stated otherwise. In addition, they are not durable and will be void if the Principal is declared incapable of making their own decisions. If the Principal wishes to to avoid these things, they should put language into the document clarifying whether the Agreement is Springing or Durable.