Naperville, IL Powers of Attorney for Property Lawyers

Experienced Powers of Attorney for Property Lawyers in Naperville, Illinois

Life is uncertain. You never know when an event can leave you incapacitated and unable to make decisions for yourself. You have worked hard to obtain your possessions. Take the time to safeguard them. At the Davi Law Group, we understand the importance of preparing for the future and are dedicated to helping clients throughout Chicagoland with estate planning matters.

If you own property, you have the right to designate an agent who will make financial and real estate decisions on your behalf. This person should ideally be trustworthy and capable of handling the matters they are charged with. Our attorneys will interview you to help you sort through the facts and name the best person for the job.

Understanding Powers of Attorney for Property in Illinois

An effective estate plan can only be created when you take the time to truly analyze what is important to you. Our firm has a reputation for listening to the needs of our clients. When we help you create a plan for property management, we will help you to consider:

• The conditions to invoke the power of attorney
• Clearly defining the powers granted to the chosen agent
• Choosing successor agents

The Illinois Power of Attorney Act (755 ILCS 45/1-4) governs the actions of the agent and charges that person with:

• Carrying out your desires fully
• Acting in good faith for your best interest
• Recording all actions conducted on your behalf
• Accounting for finances for property-related decisions
• Retaining all necessary paperwork
• Supporting the terms of your estate plan
• Cooperating with real estate and financial entities

Why Should I Set Up a Power of Attorney for Property?

It is natural to want to have full control over your assets during your lifetime, a mindset that leads some people to think that they do not need to set up a power of attorney (POA). However, if you fall ill or suffer a serious injury that leaves you unable to communicate your wishes, the fate of your property may be left uncertain without someone to manage them. That is why it is prudent to appoint someone with power of attorney over your estate.

When someone is given POA over your property, they are obligated to act in your best interests. Ideally, you should appoint somebody who is savvy in financial matters, and more importantly, somebody you trust.

How Can I Give Somebody Power of Attorney in Illinois?

In order to give somebody power of attorney, you must sign the POA document in front of a witness as well as a notary public. Furthermore, the witness and notary public must generally be third parties who will not benefit from your estate. In Illinois, you need to be of sound mind in order to give someone else power of attorney.

If you have any reservations about creating a power of attorney, keep in mind that you can revoke it at any time as long as you are still of sound mind. At the Davi Law Group, we can help you address any concerns you may have about your POA, working diligently to resolve any disputes or other issues.

Contact a Power of Attorney for Property Attorney in DuPage County

Setting up a power of attorney can give you peace of mind and financial security no matter what may come to pass. Contact our Naperville, IL estate planning lawyers to get started with planning and establishing a power of attorney for property today. We offer free in-person consultations to get to know our attorneys and reasonably-priced consultations to discuss your specific needs. We serve clients in DuPage, Will, Kane, Kendall, and Cook Counties from our Naperville, Plainfield, Wheaton, Joliet, and Chicago, Illinois offices.