An Illinois non-durable (general) power of attorney (GPOA) is a legal document that allows an individual to delegate authority to another person or agent to oversee the principal’s financial affairs, including handling bank transactions, investment decisions, bill payments, and other monetary matters.
This non-durable form becomes void if the principal becomes incapacitated or unable to make decisions, while a durable power of attorney remains effective.
Laws — Chapter 755 ILCS 45 (Illinois Power of Attorney Act).
Durable (755 ILCS 45/2-5) – In Illinois, a power of attorney is considered durable and remains in effect until the principal’s death unless a specific termination date is stated.
Signing Requirements (755 ILCS 45/3-3): A notary public must acknowledge the principal’s signature, witnessed by at least one person.
