Full Text of SB1475 103rd General Assembly
SB1475 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 SB1475 Introduced 2/7/2023, by Sen. Ann Gillespie SYNOPSIS AS INTRODUCED: |
| 755 ILCS 45/2-3 | from Ch. 110 1/2, par. 802-3 | 755 ILCS 45/2-8 | from Ch. 110 1/2, par. 802-8 | 755 ILCS 45/2-10.3 | | 755 ILCS 45/3-3 | from Ch. 110 1/2, par. 803-3 | 815 ILCS 505/2BBBB new | |
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Amends the Illinois Power of Attorney Act. Changes the definition of "person". Changes the forms for an Agent's Certification and Acceptance of Authority and a Successor Agent's Certification and Acceptance of Authority. Creates a form for an Agent's Certification and Acceptance of Authority Statutory Power of Attorney for Health Care After the Death of the Principal. Provides that no person located or doing business in the State shall refuse, without reasonable cause, to honor a statutory short form power of attorney for property properly executed in accordance with the Act that is valid according to the Act. Includes reasonable causes to refuse to honor a statutory short form power of attorney. Sets forth reasons it shall be deemed unreasonable for a person to refuse to honor a statutory short form power of attorney in accordance with the laws in effect at the time of its execution. Provides that if a proceeding is brought to compel acceptance of a statutory short form power of attorney, the court shall award damages of $1,000 or actual damages. Changes the Notice to the Individual Signing the Illinois Statutory Short Form Power of Attorney for Property. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that any person who violates the Illinois Power of Attorney Act by unreasonably refusing to comply with a power of attorney commits an unlawful practice within the meaning of the Act. Effective immediately.
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| | A BILL FOR |
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| 1 | | AN ACT concerning civil law.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Power of Attorney Act is amended | 5 | | by changing Sections 2-3, 2-8, 2-10.3, and 3-3 as follows:
| 6 | | (755 ILCS 45/2-3) (from Ch. 110 1/2, par. 802-3)
| 7 | | Sec. 2-3. Definitions. As used in this Act:
| 8 | | (a) "Agency" means the written power of attorney or other | 9 | | instrument of
agency governing the relationship between the | 10 | | principal and agent or the
relationship, itself, as | 11 | | appropriate to the context, and includes agencies
dealing with | 12 | | personal or health care as well as property. An agency is
| 13 | | subject to this Act to the extent it may be controlled by the | 14 | | principal,
excluding agencies and powers for the benefit of | 15 | | the agent.
| 16 | | (b) "Agent" means the attorney-in-fact or other person | 17 | | designated to act
for the principal in the agency.
| 18 | | (c) "Person with a disability" has the same meaning as in | 19 | | the "Probate Act of
1975", as now or hereafter amended. To be | 20 | | under a "disability" means to be a person with a disability.
| 21 | | (c-5) "Incapacitated", when used to describe a principal, | 22 | | means that the principal is under a legal disability as | 23 | | defined in Section 11a-2 of the Probate Act of 1975. A |
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| 1 | | principal shall also be considered incapacitated if: (i) a | 2 | | physician licensed to practice medicine in all of its branches | 3 | | has examined the principal and has determined that the | 4 | | principal lacks decision making capacity; (ii) that physician | 5 | | has made a written record of this determination and has signed | 6 | | the written record within 90 days after the examination; and | 7 | | (iii) the written record has been delivered to the agent. The | 8 | | agent may rely conclusively on the written record. | 9 | | (d) "Person" means an individual, corporation, trust, | 10 | | partnership , financial institution, title insuring or | 11 | | guaranteeing company, bank, ambulatory and community currency | 12 | | exchange, credit union, guaranteed credit union, or
other | 13 | | entity, as appropriate to the agency or to any third-party | 14 | | asset custodian .
| 15 | | (e) "Principal" means an individual (including, without | 16 | | limitation, an
individual acting as trustee, representative , | 17 | | or other fiduciary) who signs
a power of attorney or other | 18 | | instrument of agency granting powers to an agent.
| 19 | | (Source: P.A. 99-143, eff. 7-27-15.)
| 20 | | (755 ILCS 45/2-8) (from Ch. 110 1/2, par. 802-8)
| 21 | | Sec. 2-8. Reliance on
document purporting to establish an
| 22 | | agency. | 23 | | (a) Any person who acts in good faith
reliance on a copy of
| 24 | | a document purporting to establish an agency will be fully | 25 | | protected and
released to
the same extent as though the |
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| 1 | | reliant had dealt directly with the
named
principal
as a | 2 | | fully-competent person. The
named
agent shall furnish an | 3 | | affidavit or Agent's Certification and Acceptance of Authority | 4 | | to the
reliant on demand stating that the instrument relied on | 5 | | is a true copy of
the agency and that, to the best of the
named
| 6 | | agent's knowledge, the named principal is
alive and the | 7 | | relevant powers of the
named
agent have not been altered or
| 8 | | terminated; but good faith reliance on
a document purporting | 9 | | to establish an agency will protect the reliant
without the | 10 | | affidavit or Agent's Certification and Acceptance of | 11 | | Authority. | 12 | | (b) Upon request, the named agent in a power of attorney | 13 | | shall furnish an Agent's Certification and Acceptance of | 14 | | Authority to the reliant in substantially the following form: | 15 | | AGENT'S CERTIFICATION AND ACCEPTANCE OF AUTHORITY | 16 | | I, .......... (insert name of agent), certify that the | 17 | | attached is a true copy of a power of attorney naming the | 18 | | undersigned as agent or successor agent for ............. | 19 | | (insert name of principal). | 20 | | I certify that to the best of my knowledge the principal | 21 | | had the capacity to execute the power of attorney, is alive, | 22 | | and has not revoked the power of attorney; that my powers as | 23 | | agent have not been altered or terminated by the principal, an | 24 | | order of the court, or as otherwise provided by law ; and that |
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| 1 | | the power of attorney remains in full force and effect. | 2 | | I accept appointment as agent under this power of | 3 | | attorney. | 4 | | This certification and acceptance is made under penalty of | 5 | | perjury.* | 6 | | Dated: ............ | 7 | | .......................
| 8 | | (Agent's Signature)
| 9 | | .......................
| 10 | | (Print Agent's Name)
| 11 | | .......................
| 12 | | (Agent's Address)
| 13 | | *(NOTE: Perjury is defined in Section 32-2 of the Criminal | 14 | | Code of 2012, and is a Class 3 felony.) | 15 | | (b-5) With respect to a statutory power of attorney for | 16 | | health care following the death of the principal, then, upon | 17 | | request, the named agent in a power of attorney shall furnish | 18 | | an Agent's Certification and Acceptance of Authority Statutory | 19 | | Power of Attorney for Health Care After the Death of the | 20 | | Principal to the reliant in substantially the following form: | 21 | | AGENT'S CERTIFICATION AND ACCEPTANCE OF AUTHORITY | 22 | | STATUTORY POWER OF ATTORNEY FOR HEALTH CARE | 23 | | AFTER THE DEATH OF THE PRINCIPAL |
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| 1 | | I, .......... (insert name of agent), certify that the | 2 | | attached is a true copy of a power of attorney naming the | 3 | | undersigned as agent or successor agent for ............. | 4 | | (insert name of principal), who died on ............. | 5 | | I certify that to the best of my knowledge the principal | 6 | | had the capacity to execute the power of attorney, and the | 7 | | power of attorney was not revoked; that my powers as agent have | 8 | | not been altered or terminated; that no representative has | 9 | | been appointed for the estate of this deceased principal, and | 10 | | that the power of attorney remains in full force and effect for | 11 | | the purposes authorized by law following the death of the | 12 | | principal. | 13 | | I accept appointment as agent under this power of | 14 | | attorney. | 15 | | This certification and acceptance is made under penalty of | 16 | | perjury.* | 17 | | Dated: ............ | 18 | | .......................
| 19 | | (Agent's Signature)
| 20 | | .......................
| 21 | | (Print Agent's Name)
| 22 | | .......................
| 23 | | (Agent's Address)
| 24 | | *(NOTE: Perjury is defined in Section 32-2 of the Criminal | 25 | | Code of 2012, and is a Class 3 felony.) |
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| 1 | | (c) Any person dealing with an agent
named in a copy of a | 2 | | document purporting to establish an agency
may presume, in
the | 3 | | absence of actual knowledge to the contrary, that the
document | 4 | | purporting to establish the
agency was
validly executed,
that | 5 | | the agency was validly established,
that the named principal | 6 | | was competent at the time
of execution, and that, at the time | 7 | | of reliance, the
named
principal is alive,
the agency
was | 8 | | validly established
and has not terminated or been amended, | 9 | | the relevant powers of the
named
agent were properly and | 10 | | validly granted and have not terminated or
been amended, and | 11 | | the acts of the
named
agent conform to the standards of this | 12 | | Act.
No person relying on
a copy of a document purporting to | 13 | | establish an agency shall be required to see to the | 14 | | application
of any property delivered to or controlled by the
| 15 | | named
agent or to question the
authority of the
named
agent. | 16 | | (c-5) No person located or doing business in this State | 17 | | shall refuse, without reasonable cause, to honor a statutory | 18 | | short form power of attorney for property properly executed in | 19 | | accordance with this Act that is valid according to this Act. | 20 | | Reasonable cause includes: | 21 | | (1) the refusal by the agent to provide an affidavit | 22 | | or Agent's Certification and Acceptance of Authority; | 23 | | (2) the refusal by the agent to provide a copy of the | 24 | | original document that is certified to be valid by an | 25 | | attorney, a court order, or other governmental entity; | 26 | | (3) the person's good faith referral of the principal |
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| 1 | | and the agent or a person acting for or with the agent to | 2 | | the local adult protective services unit; | 3 | | (4) actual knowledge of a report having been made by | 4 | | any person to the local adult protective services unit | 5 | | alleging physical or financial abuse, neglect, | 6 | | exploitation, or abandonment of the principal by the agent | 7 | | or a person acting for the agent; | 8 | | (5) actual knowledge of the principal's death or a | 9 | | reasonable basis for believing the principal has died; | 10 | | (6) actual knowledge of the incapacity of the | 11 | | principal or a reasonable basis for believing the | 12 | | principal is incapacitated where the power of attorney | 13 | | tendered is a nondurable power of attorney; | 14 | | (7) actual knowledge or a reasonable basis for | 15 | | believing that the principal was incapacitated at the time | 16 | | the power of attorney was executed; | 17 | | (8) actual knowledge or a reasonable basis for | 18 | | believing the power of attorney was procured through | 19 | | fraud, duress, or undue influence; | 20 | | (9) actual notice of the termination or revocation of | 21 | | the power of attorney; | 22 | | (10) the refusal by a title insurance company to | 23 | | underwrite title insurance for a gift of real property | 24 | | made pursuant to a statutory short form power of attorney | 25 | | that does not contain express instructions or purposes of | 26 | | the principal with respect to gifts in paragraph 3 of the |
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| 1 | | statutory short form power of attorney; or | 2 | | (11) the refusal of the principal's attorney to | 3 | | provide a certificate that the power of attorney is valid. | 4 | | (c-10) It shall be deemed unreasonable for a person to | 5 | | refuse to honor a statutory short form power of attorney in | 6 | | accordance with the laws in effect at the time of its | 7 | | execution, if the only reason for the refusal is any of the | 8 | | following: | 9 | | (1) the power of attorney is not on a form prescribed | 10 | | by the person to whom the power of attorney is presented; | 11 | | (2) the power of attorney is dishonored pursuant to a | 12 | | clause in the account agreement agreeing to not honor a | 13 | | power of attorney document or to require the use of an | 14 | | internal form utilized by the person; | 15 | | (3) there has been a lapse of time since the execution | 16 | | of the power of attorney; | 17 | | (4) on the face of the statutory short form power of | 18 | | attorney, there is a lapse of time between the date of | 19 | | acknowledgment of the signature of the principal and the | 20 | | date of the acceptance by the agent; | 21 | | (5) the document provided does not bear an original | 22 | | signature, original witness, or original notarization but | 23 | | is accompanied by an attorney-certified copy; or | 24 | | (6) the document appoints an entity as the agent | 25 | | Not later than the 10th business day after presentation of | 26 | | an original or attorney-certified copy of a statutory short |
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| 1 | | form power of attorney properly executed in accordance with | 2 | | the laws in effect at the time of its execution to a person for | 3 | | acceptance, such person shall either (i) honor the statutory | 4 | | short form power of attorney, (ii) reject the statutory short | 5 | | form power of attorney in writing that sets forth the reasons | 6 | | for such rejection, which shall be sent to the principal and | 7 | | the agent at the addresses, or contact information, on the | 8 | | power of attorney and such other addresses as provided by the | 9 | | principal or the agent, or (iii) request that the agent | 10 | | execute an acknowledged affidavit stating that the power of | 11 | | attorney is in full force and effect if the statutory short | 12 | | form power of attorney was not submitted for acceptance | 13 | | together with such an acknowledged affidavit. Such reasons for | 14 | | rejection may include, but not be limited to, a missing or | 15 | | incorrect signature, an invalid notarization, or an | 16 | | unacceptable power of attorney identification. If the | 17 | | statutory short form power of attorney presented is not an | 18 | | original or attorney-certified copy, as part of the initial | 19 | | rejection, such short form power of attorney may be rejected | 20 | | for such reason, however, in explaining the reason for | 21 | | rejecting the short form power of attorney, the person shall | 22 | | also identify such other provisions of the short form power of | 23 | | attorney, if any, that would otherwise constitute cause for | 24 | | rejection of the statutory short form power of attorney. If | 25 | | the person initially rejects the statutory power of attorney | 26 | | in a writing that sets forth the reasons for such rejection, |
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| 1 | | the person shall within 10 business days after receipt of a | 2 | | writing in response to the reasons for such rejection (A) | 3 | | honor the statutory short form power of attorney or (B) | 4 | | finally reject the statutory short form power of attorney in a | 5 | | writing that sets forth the reasons for such rejection. Such | 6 | | writing shall be sent to the address, or contact information, | 7 | | provided on the power of attorney and to the address of the | 8 | | agent, if any, and may also be sent to such other address as | 9 | | provided on the account documents, or to the address of the | 10 | | attorney as provided in an opinion of counsel pursuant to this | 11 | | Section. If the person requests the agent to execute such an | 12 | | acknowledged affidavit or Agent's Certification and Acceptance | 13 | | of Authority, the person shall honor such statutory short form | 14 | | power of attorney within 10 business days after receipt by the | 15 | | person of an acknowledged affidavit which complies with the | 16 | | provisions of subsection (b), unless reasonable cause exists | 17 | | as described in this subsection. For purposes of this | 18 | | subsection, notice shall be considered delivered at the time | 19 | | such notice is mailed. However, notice to the agent shall not | 20 | | be sent until after a determination is made by adult | 21 | | protective services if the reason for rejection is a reason | 22 | | set forth in subsection (c-5). | 23 | | (d) Except as provided in subsection (c-10), it shall be | 24 | | deemed unlawful for a person to unreasonably refuse to honor a | 25 | | statutory short form power of attorney that is valid according | 26 | | to this Act. Each person to whom a direction by the named agent |
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| 1 | | in
accordance with the terms of the
copy of the document | 2 | | purporting to establish an
agency is communicated shall comply | 3 | | with
that direction, and any person who fails to comply | 4 | | arbitrarily or without
reasonable cause shall be subject to | 5 | | civil liability for any damages
resulting from noncompliance.
| 6 | | A health care provider who complies with Section 4-7 shall not | 7 | | be
deemed to have acted arbitrarily or without reasonable | 8 | | cause. Additionally, if a proceeding is brought to compel | 9 | | acceptance of the statutory short form power of attorney, the | 10 | | court shall award damages of $1,000 or actual damages, | 11 | | including, but not limited to: | 12 | | (1) triple the amount of actual damages, attorney's | 13 | | fees, and costs of the person bringing the action to | 14 | | court; and | 15 | | (2) prejudgment interest on the actual damages from | 16 | | the date the person initially refused to accept the | 17 | | authority of the attorney in fact. | 18 | | At the request of the plaintiff, the circuit clerk shall | 19 | | send a certified copy of the order to the body or governmental | 20 | | entity that regulates the offending institution. Such a | 21 | | proceeding shall be the exclusive remedy for a violation of | 22 | | this Section. | 23 | | (e) With respect to a health care power of attorney, each | 24 | | person to whom a direction by the named agent in accordance | 25 | | with the terms of the copy of the document purporting to | 26 | | establish an agency is communicated shall comply with that |
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| 1 | | direction, and any person who fails to comply arbitrarily or | 2 | | without reasonable cause shall be subject to civil liability | 3 | | for any damages resulting from noncompliance, including | 4 | | reasonable attorney's fees and costs. At the request of the | 5 | | plaintiff, the circuit clerk shall send a certified copy of | 6 | | the order to the body or governmental entity that regulates | 7 | | the offending institution. A health care provider who complies | 8 | | with Section 4-7 shall not be deemed to have acted arbitrarily | 9 | | or without reasonable cause. | 10 | | (f) Liability for damages imposed pursuant to this Section | 11 | | does not abate with the death of the principal.
| 12 | | (Source: P.A. 96-1195, eff. 7-1-11; 97-1150, eff. 1-25-13.)
| 13 | | (755 ILCS 45/2-10.3) | 14 | | Sec. 2-10.3. Successor agents. | 15 | | (a) A principal may designate one or more successor agents | 16 | | to act if an initial or predecessor agent resigns, dies, | 17 | | becomes incapacitated, is not qualified to serve, or declines | 18 | | to serve. A principal may grant authority to another person, | 19 | | designated by name, by office, or by function, including an | 20 | | initial or successor agent, to designate one or more successor | 21 | | agents. Unless a power of attorney otherwise provides, a | 22 | | successor agent has the same authority as that granted to an | 23 | | initial agent. | 24 | | (b) An agent is not liable for the actions of another | 25 | | agent, including a predecessor agent, unless the agent |
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| 1 | | participates in or conceals a breach of fiduciary duty | 2 | | committed by the other agent. An agent who has knowledge of a | 3 | | breach or imminent breach of fiduciary duty by another agent | 4 | | must notify the principal and, if the principal is | 5 | | incapacitated, take whatever actions may be reasonably | 6 | | appropriate in the circumstances to safeguard the principal's | 7 | | best interest. | 8 | | (c) Any person who acts in good faith reliance on the | 9 | | representation of a successor agent regarding the | 10 | | unavailability of a predecessor agent will be fully protected | 11 | | and released to the same extent as though the reliant had dealt | 12 | | directly with the predecessor agent. Upon request, the | 13 | | successor agent shall furnish an affidavit or Successor | 14 | | Agent's Certification and Acceptance of Authority to the | 15 | | reliant, but good faith reliance on a document purporting to | 16 | | establish an agency will protect the reliant without the | 17 | | affidavit or Successor Agent's Certification and Acceptance of | 18 | | Authority. A Successor Agent's Certification and Acceptance of | 19 | | Authority shall be in substantially the following form: | 20 | | SUCCESSOR AGENT'S | 21 | | CERTIFICATION AND ACCEPTANCE OF AUTHORITY | 22 | | I certify that the attached is a true copy of a power of | 23 | | attorney naming the undersigned as agent or successor agent | 24 | | for .......... (insert name of principal). |
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| 1 | | I certify that to the best of my knowledge the principal | 2 | | had the capacity to execute the power of attorney, is alive, | 3 | | and has not revoked the power of attorney; that my powers as | 4 | | agent have not been altered or terminated by the principal, an | 5 | | order of the court, or as otherwise provided by law ; and that | 6 | | the power of attorney remains in full force and effect. | 7 | | I certify that to the best of my knowledge .......... | 8 | | (insert name of unavailable agent) is unavailable due to | 9 | | ................. (specify death, resignation, absence, | 10 | | illness, or other temporary incapacity). | 11 | | I accept appointment as agent under this power of | 12 | | attorney. | 13 | | This certification and acceptance is made under penalty of | 14 | | perjury.* | 15 | | Dated: ............ | 16 | | .......................
| 17 | | (Agent's Signature)
| 18 | | .......................
| 19 | | (Print Agent's Name)
| 20 | | .......................
| 21 | | (Agent's Address)
| 22 | | *(NOTE: Perjury is defined in Section 32-2 of the Criminal | 23 | | Code of 2012, and is a Class 3 felony.)
| 24 | | (Source: P.A. 96-1195, eff. 7-1-11; 97-1150, eff. 1-25-13.)
| 25 | | (755 ILCS 45/3-3) (from Ch. 110 1/2, par. 803-3)
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| 1 | | Sec. 3-3. Statutory short form power of attorney for | 2 | | property. | 3 | | (a) The
form prescribed in this Section may be known as | 4 | | "statutory property power" and may be used
to grant an agent | 5 | | powers with respect to property and financial matters.
The | 6 | | "statutory property power" consists of the following: (1) | 7 | | Notice to the Individual Signing the Illinois Statutory Short | 8 | | Form Power of Attorney for Property; (2) Illinois Statutory | 9 | | Short Form Power of Attorney for Property; and (3) Notice to | 10 | | Agent. When a power of attorney in substantially the form | 11 | | prescribed in this Section is used,
including all 3 items | 12 | | above, with item (1), the Notice to Individual Signing the | 13 | | Illinois Statutory Short Form Power of Attorney for Property, | 14 | | on a separate sheet (coversheet) in 14-point type and
the | 15 | | notarized form of acknowledgment at the end, it shall have the | 16 | | meaning
and effect prescribed in this Act. | 17 | | (b) A power of attorney shall also be deemed to be in | 18 | | substantially the same format as the statutory form if the | 19 | | explanatory language throughout the form (the language | 20 | | following the designation "NOTE:") is distinguished in some | 21 | | way from the legal paragraphs in the form, such as the use of | 22 | | boldface or other difference in typeface and font or point | 23 | | size, even if the "Notice" paragraphs at the beginning are not | 24 | | on a separate sheet of paper or are not in 14-point type, or if | 25 | | the principal's initials do not appear in the acknowledgement | 26 | | at the end of the "Notice" paragraphs. |
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| 1 | | The validity of a power of attorney as
meeting the | 2 | | requirements of a statutory property power shall not be
| 3 | | affected by the fact that one or more of the categories of | 4 | | optional powers
listed in the form are struck out or the form | 5 | | includes specific
limitations on or additions to the agent's | 6 | | powers, as permitted by the
form. Nothing in this Article | 7 | | shall invalidate or bar use by the
principal of any other or | 8 | | different form of power of attorney for property.
Nonstatutory | 9 | | property powers (i) must be executed by the principal, (ii) | 10 | | must
designate the agent and the agent's powers, (iii) must be | 11 | | signed by at least one witness to the principal's signature, | 12 | | and (iv) must indicate that the principal has acknowledged his | 13 | | or her signature before a notary public. However, nonstatutory | 14 | | property powers need not
conform in any other respect to the | 15 | | statutory property power.
| 16 | | (c) The Notice to the Individual Signing the Illinois | 17 | | Statutory Short Form Power of Attorney for Property shall be | 18 | | substantially as follows: | 19 | | "PERSONS WHO UNREASONABLY FAIL TO HONOR THIS | 20 | | POWER OF ATTORNEY MAY BE LIABLE FOR DAMAGES. | 21 | | " NOTICE TO THE INDIVIDUAL SIGNING THE ILLINOIS | 22 | | STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY. | 23 | | PLEASE READ THIS NOTICE CAREFULLY. The form that you will |
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| 1 | | be signing is a legal document. It is governed by the Illinois | 2 | | Power of Attorney Act. If there is anything about this form | 3 | | that you do not understand, you should ask a lawyer to explain | 4 | | it to you. | 5 | | The purpose of this Power of Attorney is to give your | 6 | | designated "agent" broad powers to handle your financial | 7 | | affairs, which may include the power to pledge, sell, or | 8 | | dispose of any of your real or personal property, even without | 9 | | your consent or any advance notice to you. When using the | 10 | | Statutory Short Form, you may name successor agents, but you | 11 | | may not name co-agents. | 12 | | This form does not impose a duty upon your agent to handle | 13 | | your financial affairs, so it is important that you select an | 14 | | agent who will agree to do this for you. It is also important | 15 | | to select an agent whom you trust, since you are giving that | 16 | | agent control over your financial assets and property. Any | 17 | | agent who does act for you has a duty to act in good faith for | 18 | | your benefit and to use due care, competence, and diligence. | 19 | | He or she must also act in accordance with the law and with the | 20 | | directions in this form. Your agent must keep a record of all | 21 | | receipts, disbursements, and significant actions taken as your | 22 | | agent. The failure of any person to accept a Durable Power of | 23 | | Attorney for Property may result in liability, including | 24 | | damages and attorney's fees. | 25 | | Unless you specifically limit the period of time that this | 26 | | Power of Attorney will be in effect, your agent may exercise |
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| 1 | | the powers given to him or her throughout your lifetime, both | 2 | | before and after you become incapacitated. A court, however, | 3 | | can take away the powers of your agent if it finds that the | 4 | | agent is not acting properly. You may also revoke this Power of | 5 | | Attorney if you wish. | 6 | | This Power
of Attorney does not authorize your agent to | 7 | | appear in court for you as an attorney-at-law or otherwise to | 8 | | engage in the practice of law unless he or she is a licensed | 9 | | attorney who is authorized to practice law in Illinois. | 10 | | The powers you give your agent are explained more fully in | 11 | | Section 3-4 of the Illinois Power of Attorney Act. This form is | 12 | | a part of that law. The "NOTE" paragraphs throughout this form | 13 | | are instructions. | 14 | | You are not required to sign this Power of Attorney, but it | 15 | | will not take effect without your signature. You should not | 16 | | sign this Power of Attorney if you do not understand | 17 | | everything in it, and what your agent will be able to do if you | 18 | | do sign it. | 19 | | Please place your initials on the following line | 20 | | indicating that you have read this Notice: | 21 | | .....................
| 22 | | Principal's initials"
| 23 | | (d) The Illinois Statutory Short Form Power of Attorney | 24 | | for Property shall be substantially as follows: |
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| 1 | | "ILLINOIS STATUTORY SHORT FORM | 2 | | POWER OF ATTORNEY FOR PROPERTY
| 3 | | 1. I, ..............., (insert name and address of | 4 | | principal)
hereby revoke all prior powers of attorney for | 5 | | property executed by me and appoint:
| 6 | | .............................................................
| 7 | | (insert name and address of agent)
| 8 | | (NOTE: You may not name co-agents using this form.) | 9 | | as my attorney-in-fact (my "agent") to act for me and in my | 10 | | name (in any
way I could act in person) with respect to the | 11 | | following powers, as defined
in Section 3-4 of the "Statutory | 12 | | Short Form Power of Attorney for Property Law"
(including all | 13 | | amendments), but subject to any limitations on or additions
to | 14 | | the specified powers inserted in paragraph 2 or 3 below:
| 15 | | (NOTE: You must strike out any one or more of the following | 16 | | categories of
powers you do not want your agent to have. | 17 | | Failure to strike the title
of any category will cause the | 18 | | powers described in that category to be
granted to the agent. | 19 | | To strike out a category you must draw a line
through the title | 20 | | of that category.)
| 21 | | (a) Real estate transactions.
| 22 | | (b) Financial institution transactions.
| 23 | | (c) Stock and bond transactions.
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| 1 | | (d) Tangible personal property transactions.
| 2 | | (e) Safe deposit box transactions.
| 3 | | (f) Insurance and annuity transactions.
| 4 | | (g) Retirement plan transactions.
| 5 | | (h) Social Security, employment and military service | 6 | | benefits.
| 7 | | (i) Tax matters.
| 8 | | (j) Claims and litigation.
| 9 | | (k) Commodity and option transactions.
| 10 | | (l) Business operations.
| 11 | | (m) Borrowing transactions.
| 12 | | (n) Estate transactions.
| 13 | | (o) All other property transactions.
| 14 | | (NOTE: Limitations on and additions to the agent's powers may | 15 | | be included in this power of attorney if they are specifically | 16 | | described below.)
| 17 | | 2. The powers granted above shall not include the | 18 | | following powers or
shall be modified or limited in the | 19 | | following particulars: | 20 | | (NOTE: Here you may
include any specific limitations you deem | 21 | | appropriate, such as a
prohibition or conditions on the sale | 22 | | of particular stock or real estate or
special rules on | 23 | | borrowing by the agent.)
| 24 | | .............................................................
| 25 | | .............................................................
| 26 | | .............................................................
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| 1 | | .............................................................
| 2 | | .............................................................
| 3 | | 3. In addition to the powers granted above, I grant my | 4 | | agent the
following powers: | 5 | | (NOTE: Here you may add any other delegable powers including,
| 6 | | without limitation, power to make gifts, exercise powers of | 7 | | appointment,
name or change beneficiaries or joint tenants or | 8 | | revoke or amend any trust
specifically referred to below.)
| 9 | | .............................................................
| 10 | | .............................................................
| 11 | | .............................................................
| 12 | | .............................................................
| 13 | | .............................................................
| 14 | | (NOTE: Your agent will have authority to employ other persons | 15 | | as necessary to enable the agent to properly exercise the | 16 | | powers granted in this form, but your agent will have to make | 17 | | all discretionary decisions. If you want to give your agent | 18 | | the right to delegate discretionary decision-making powers to | 19 | | others, you should keep paragraph 4, otherwise it should be | 20 | | struck out.)
| 21 | | 4. My agent shall have the right by written instrument to | 22 | | delegate any
or all of the foregoing powers involving | 23 | | discretionary decision-making to
any person or persons whom my | 24 | | agent may select, but such delegation may be
amended or | 25 | | revoked by any agent (including any successor) named by me who
| 26 | | is acting under this power of attorney at the time of |
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| 1 | | reference.
| 2 | | (NOTE: Your agent will be entitled to reimbursement for all | 3 | | reasonable expenses incurred in acting under this power of | 4 | | attorney. Strike out paragraph 5 if you do not want your agent | 5 | | to also be entitled to reasonable compensation for services as | 6 | | agent.)
| 7 | | 5. My agent shall be entitled to reasonable compensation | 8 | | for services
rendered as agent under this power of attorney.
| 9 | | (NOTE: This power of attorney may be amended or revoked by you | 10 | | at any time and in any manner. Absent amendment or revocation, | 11 | | the authority granted in this power of attorney will become | 12 | | effective at the time this power is signed and will continue | 13 | | until your death, unless a limitation on the beginning date or | 14 | | duration is made by initialing and completing one or both of | 15 | | paragraphs 6 and 7:)
| 16 | | 6. ( ) This power of attorney shall become effective on
| 17 | | .............................................................
| 18 | | (NOTE: Insert a future date or event during your lifetime, | 19 | | such as a court
determination of your disability or a written | 20 | | determination by your physician that you are incapacitated, | 21 | | when you want this power to first take effect.)
| 22 | | 7. ( ) This power of attorney shall terminate on
| 23 | | .............................................................
| 24 | | (NOTE: Insert a future date or event, such as a court | 25 | | determination that you are not under a legal disability or a | 26 | | written determination by your physician that you are not |
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| 1 | | incapacitated, if you want this power to terminate prior to | 2 | | your death.)
| 3 | | (NOTE: If you wish to name one or more successor agents, insert | 4 | | the name and address of each successor agent in paragraph 8.)
| 5 | | 8. If any agent named by me shall die, become incompetent, | 6 | | resign
or refuse to accept the office of agent, I name the | 7 | | following
(each to act alone and successively,
in the order | 8 | | named) as successor(s) to such agent:
| 9 | | .............................................................
| 10 | | .............................................................
| 11 | | For purposes of this paragraph 8, a person shall be considered | 12 | | to be
incompetent if and while the person is a minor or an | 13 | | adjudicated
incompetent or a person with a disability or the | 14 | | person is unable to give prompt and
intelligent consideration | 15 | | to business matters, as certified by a licensed physician.
| 16 | | (NOTE: If you wish to, you may name your agent as guardian of | 17 | | your estate if a court decides that one should be appointed. To | 18 | | do this, retain paragraph 9, and the court will appoint your | 19 | | agent if the court finds that this appointment will serve your | 20 | | best interests and welfare. Strike out paragraph 9 if you do | 21 | | not want your agent to act as guardian.)
| 22 | | 9. If a guardian of my estate (my property) is to be | 23 | | appointed, I
nominate the agent acting under this power of | 24 | | attorney as such guardian,
to serve without bond or security.
| 25 | | 10. I am fully informed as to all the contents of this form | 26 | | and
understand the full import of this grant of powers to my |
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| 1 | | agent.
| 2 | | (NOTE: This form does not authorize your agent to appear in | 3 | | court for you as an attorney-at-law or otherwise to engage in | 4 | | the practice of law unless he or she is a licensed attorney who | 5 | | is authorized to practice law in Illinois.) | 6 | | 11. The Notice to Agent is incorporated by reference and | 7 | | included as part of this form. | 8 | | Dated: ................ | 9 | | Signed ..........................................
| 10 | | (principal)
| 11 | | (NOTE: This power of attorney will not be effective unless it | 12 | | is signed by at least one witness and your signature is | 13 | | notarized, using the form below. The notary may not also sign | 14 | | as a witness.)
| 15 | | The undersigned witness certifies that ..............., known | 16 | | to me to be
the same person whose name is subscribed as | 17 | | principal to the foregoing power of
attorney, appeared before | 18 | | me and the notary public and acknowledged signing and
| 19 | | delivering the instrument as the free and voluntary act of the | 20 | | principal, for
the
uses and purposes therein set forth. I | 21 | | believe him or her to be of sound mind
and memory. The | 22 | | undersigned witness also certifies that the witness is not: | 23 | | (a) the attending physician or mental health service provider | 24 | | or a relative of the physician or provider; (b) an owner, |
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| 1 | | operator, or relative of an owner or operator of a health care | 2 | | facility in which the principal is a patient or resident; (c) a | 3 | | parent, sibling, descendant, or any spouse of such parent, | 4 | | sibling, or descendant of either the principal or any agent or | 5 | | successor agent under the foregoing power of attorney, whether | 6 | | such relationship is by blood, marriage, or adoption; or (d) | 7 | | an agent or successor agent under the foregoing power of | 8 | | attorney.
| 9 | | Dated: ................
| 10 | | ..............................
| 11 | | Witness
| 12 | | (NOTE: Illinois requires only one witness, but other | 13 | | jurisdictions may require more than one witness. If you wish | 14 | | to have a second witness, have him or her certify and sign | 15 | | here:) | 16 | | (Second witness) The undersigned witness certifies that | 17 | | ................, known to me to be the same person whose name | 18 | | is subscribed as principal to the foregoing power of attorney, | 19 | | appeared before me and the notary public and acknowledged | 20 | | signing and delivering the instrument as the free and | 21 | | voluntary act of the principal, for the uses and purposes | 22 | | therein set forth. I believe him or her to be of sound mind and | 23 | | memory. The undersigned witness also certifies that the | 24 | | witness is not: (a) the attending physician or mental health |
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| 1 | | service provider or a relative of the physician or provider; | 2 | | (b) an owner, operator, or relative of an owner or operator of | 3 | | a health care facility in which the principal is a patient or | 4 | | resident; (c) a parent, sibling, descendant, or any spouse of | 5 | | such parent, sibling, or descendant of either the principal or | 6 | | any agent or successor agent under the foregoing power of | 7 | | attorney, whether such relationship is by blood, marriage, or | 8 | | adoption; or (d) an agent or successor agent under the | 9 | | foregoing power of attorney. | 10 | | Dated: ....................... | 11 | | ..............................
| 12 | | Witness
| 13 | | State of ............)
| 14 | | ) SS.
| 15 | | County of ...........)
| 16 | | The undersigned, a notary public in and for the above | 17 | | county and state,
certifies that ......................., | 18 | | known to me to be the same person
whose name is subscribed as | 19 | | principal to the foregoing power of attorney,
appeared before | 20 | | me and the witness(es) ............. (and ..............) in | 21 | | person and acknowledged
signing and delivering the
instrument | 22 | | as the free and voluntary act of the principal, for the uses | 23 | | and
purposes therein set forth (, and certified to the | 24 | | correctness of the
signature(s) of the agent(s)).
| 25 | | Dated: ................
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| 1 | | ..............................
| 2 | | Notary Public
| 3 | | My commission expires .................
| 4 | | (NOTE: You may, but are not required to, request your agent and | 5 | | successor agents to provide specimen signatures below. If you | 6 | | include specimen signatures in this power of attorney, you | 7 | | must complete the certification opposite the signatures of the | 8 | | agents.)
| 9 | | Specimen signatures of I certify that the signatures
| 10 | | agent (and successors) of my agent (and successors)
| 11 | | are genuine.
| 12 | | .......................... .............................
| 13 | | (agent) (principal)
| 14 | | .......................... .............................
| 15 | | (successor agent) (principal)
| 16 | | .......................... .............................
| 17 | | (successor agent) (principal)
| 18 | | (NOTE: The name, address, and phone number of the person | 19 | | preparing this form or who assisted the principal in | 20 | | completing this form should be inserted below.)
| 21 | | Name: ....................... | 22 | | Address: .................... | 23 | | .............................. |
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| 1 | | .............................. | 2 | | Phone: .................... "
| 3 | | (e) Notice to Agent. The following form may be known as | 4 | | "Notice to Agent" and shall be supplied to an agent appointed | 5 | | under a power of attorney for property. | 6 | | "NOTICE TO AGENT | 7 | | When you accept the authority granted under this power of | 8 | | attorney a special legal relationship, known as agency, is | 9 | | created between you and the principal. Agency imposes upon you | 10 | | duties that continue until you resign or the power of attorney | 11 | | is terminated or revoked. | 12 | | As agent you must: | 13 | | (1) do what you know the principal reasonably expects | 14 | | you to do with the principal's property; | 15 | | (2) act in good faith for the best interest of the | 16 | | principal, using due care, competence, and diligence; | 17 | | (3) keep a complete and detailed record of all | 18 | | receipts, disbursements, and significant actions conducted | 19 | | for the principal; | 20 | | (4) attempt to preserve the principal's estate plan, | 21 | | to the extent actually known by the agent, if preserving | 22 | | the plan is consistent with the principal's best interest; | 23 | | and | 24 | | (5) cooperate with a person who has authority to make |
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| 1 | | health care decisions for the principal to carry out the | 2 | | principal's reasonable expectations to the extent actually | 3 | | in the principal's best interest. | 4 | | As agent you must not do any of the following: | 5 | | (1) act so as to create a conflict of interest that is | 6 | | inconsistent with the other principles in this Notice to | 7 | | Agent; | 8 | | (2) do any act beyond the authority granted in this | 9 | | power of attorney; | 10 | | (3) commingle the principal's funds with your funds; | 11 | | (4) borrow funds or other property from the principal, | 12 | | unless otherwise authorized; | 13 | | (5) continue acting on behalf of the principal if you | 14 | | learn of any event that terminates this power of attorney | 15 | | or your authority under this power of attorney, such as | 16 | | the death of the principal, your legal separation from the | 17 | | principal, or the dissolution of your marriage to the | 18 | | principal. | 19 | | If you have special skills or expertise, you must use | 20 | | those special skills and expertise when acting for the | 21 | | principal. You must disclose your identity as an agent | 22 | | whenever you act for the principal by writing or printing the | 23 | | name of the principal and signing your own name "as Agent" in | 24 | | the following manner: | 25 | | "(Principal's Name) by (Your Name) as Agent" | 26 | | The meaning of the powers granted to you is contained in |
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| 1 | | Section 3-4 of the Illinois Power of Attorney Act, which is | 2 | | incorporated by reference into the body of the power of | 3 | | attorney for property document. | 4 | | If you violate your duties as agent or act outside the | 5 | | authority granted to you, you may be liable for any damages, | 6 | | including attorney's fees and costs, caused by your violation. | 7 | | If there is anything about this document or your duties | 8 | | that you do not understand, you should seek legal advice from | 9 | | an attorney." | 10 | | (f) The requirement of the signature of a witness in | 11 | | addition to the principal and the notary, imposed by Public | 12 | | Act 91-790, applies only to instruments executed on or after | 13 | | June 9, 2000 (the effective date of that Public Act). | 14 | | (NOTE: This amendatory Act of the 96th General Assembly | 15 | | deletes provisions that referred to the one required witness | 16 | | as an "additional witness", and it also provides for the | 17 | | signature of an optional "second witness".)
| 18 | | (Source: P.A. 99-143, eff. 7-27-15.)
| 19 | | Section 10. The Consumer Fraud and Deceptive Business | 20 | | Practices Act is amended by adding Section 2BBBB as follows: | 21 | | (815 ILCS 505/2BBBB new) | 22 | | Sec. 2BBBB. Violations of the Illinois Power of Attorney | 23 | | Act. Any person who violates the Illinois Power of Attorney |
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| 1 | | Act by unreasonably refusing to comply with a power of | 2 | | attorney as set forth in Section 2-8 of the Illinois Power of | 3 | | Attorney Act commits an unlawful practice within the meaning | 4 | | of this Act.
| 5 | | Section 99. Effective date. This Act takes effect upon | 6 | | becoming law.
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