Power of Attorney
Power of attorney forms are powerful advance directives that can ease the burden of managing your health and your estate if you become incapacitated. Incapacitation can happen through illness, disability or another circumstance in which you can no longer make decisions for yourself.
Smarter Will offers the two essential Illinois power of attorney forms: property power of attorney (also called a durable power of attorney for property) and health care power of attorney (also called a durable power of attorney for healthcare, medical power of attorney, or health care proxy).
Property Power of Attorney
With a power of attorney for property (Durable power of attorney for property), you can give a loved one direct access to your safe deposit box, bank accounts, and business assets in order to keep your affairs running smoothly if you become incapacitated. This type of power of attorney form can also give another person the means to carry out business for when you are unavailable as well, whether you’re a regular oversees business traveler or a very active investor.
Health Care Power of Attorney
The power of attorney for healthcare (Durable power of attorney for health care) gives a loved one the right to make medical decisions on your behalf if you are no longer able to do so. This document is extremely important for all ages: whether you are 18 years old, 98 years old, or somewhere in between.