The Illinois Power of Attorney Act was recently amended. The Act requires an agent to maintain an accounting of everything the agent does with the assets and the funds over which the agent has control, and the new amendment puts some teeth in that requirement. In a previous blog piece, A Word of Warning About…
A Power of Attorney is a document by which one person (the principal) can appoint another person (the agent) to act on the principal’s behalf in regard to financial and property matters (Property Power of Attorney) and health care and personal matters (Health Care power of Attorney). In other words, one person (the principal) can…
What will happen if, suddenly, you are unable to speak, unable to communicate and unable to take care of the things that require your attention every day? Who will speak for you? Who will pay your bills? Do you have an agent you have identified and authorized to take care of these things? The scenario…