An Illinois limited power of attorney is a legal document enabling a person (the principal) to designate another individual (the agent or attorney-in-fact) to manage specific aspects of their affairs for a defined task or period.
This form restricts the agent’s authority to predetermined actions and may include a deadline for task completion, after which the document automatically expires. The principal retains the right to revoke this power at any time through a new document or a revocation form.
It terminates if the principal dies or becomes incapacitated, ensuring the agent’s powers are precisely tailored and temporary.
Legal Considerations
Statute – Illinois Power of Attorney Act (§§ 45/1-1 — 45/4-12)
Authority – (755 ILCS 45/3-4) – An agent acting under a power of attorney can only exercise limited (special) authority that is explicitly granted in the agreement on behalf of the principal. It’s important to note that the authority granted under a power of attorney is restricted to the specific authorizations in the document, and the agent is not permitted to act beyond the principal’s designations.
Signing Requirements – (755 ILCS 45/3-3) – One witness and a notary public.
Related Forms
