Illinois Limited Power of Attorney
An Illinois Limited (Special) Power of Attorney (LPOA) is a form created by the principal to empower an individual (the “attorney-in-fact”) to make decisions or transactions without their presence. The attorney-in-fact should be reliable and keep the principal’s best interest in mind when carrying out the specified duties. The principal should also regulate the attorney-in-fact’s power before the document is signed and notarized. They can do so by making each task very specific and outline the exact steps that need to be taken.
The document is not long-lasting, and the tasks must be carried out within the allotted time frame. Once the actions are completed, the LPOA becomes void. If the attorney-in-fact does not comply with the agreement or acts outside of its boundaries they may be faced with civil or criminal charges. The Indemnification Clause further protects the principal in this scenario as long as it is signed in combination with the LPOA. The principal also holds the right to revoke access at any point using a revocation form.
Signing requirements (ILCS 45/3-3(b)): The form must be:
- Signed by 1 witness; and