A power of attorney is a legal document that gives one or more persons the right to act on your behalf. The person who you give your power of attorney is called your agent. You are legally entitled to give more than one person the power of attorney (POA) to act as your agent.
Choosing your POA agent is a difficult decision. Your agent will have control of your financial assets or your healthcare decisions. You may want to give more than one person your Power of Attorney to act in different circumstances or to make decisions together. If you give two or more people your POA, you must decide whether they have completely separate responsibilities that do not overlap, or if they must act together to make decisions about your affairs.
When you work with an attorney to execute a power of attorney, they can explain the ramifications and advise you of the best POA to fit your needs. The powers you convey through a power of attorney may be broad or narrow depending on the language of the document establishing the power. However, regardless of the specific circumstances, it is wise to pay careful attention and thoroughly understand what a POA will and will not allow the designated person to do on your behalf. Your power of attorney lawyer can also advise you on:
• how to revoke or end a Power Of Attorney
• the 3 different types of POAs in Illinois
• limitations on an out of state Power of Attorney
When you work with an attorney to execute a Power of Attorney, they can explain the ramifications and advise you of the best type of POA to fit your needs. To talk to an Illinois POA attorney contact Mario Godoy at the Estate & Probate Legal Group in Lombard Illinois at 630-864-5835. We serve Cook, Dupage, Kane, Lake, and Will counties.