Who Should I Choose as My Powers of Attorney?

A Power of Attorney (POA) is a critical legal document that grants a trusted individual, known as an agent, the authority to make financial or healthcare decisions on your behalf. This is often used to prepare for a future where you may be unable to make these decisions yourself. Selecting the right person for this role is one of the most important steps in estate planning. At Wilson & Wilson, our experienced attorneys can guide you through this process, ensuring your wishes are legally protected. When choosing an agent, it’s vital to consider several factors, including:

• Their trustworthiness and reliability
• Their understanding of your personal values and wishes
• Their ability to handle financial or medical responsibilities
• Their willingness to act in your best interest

Who Can I Choose as My Agent for a POA?

You can choose almost any adult you trust to be your agent. In Illinois, an agent must be over 18 years old and capable of making their own decisions. For a healthcare POA, your agent cannot be your primary healthcare provider. While many people select a close family member, like a spouse or child, you are not limited to relatives. You might also consider a trusted friend, a business partner or a professional advisor. The most important quality is trustworthiness. You must have complete confidence that this person will honor your wishes and act responsibly, especially since they may be making decisions for you when you are most vulnerable.

What are the Responsibilities of an Agent?

An agent’s responsibilities depend on the type of Power of Attorney. There are two main types: one for property (financial decisions) and one for healthcare.

An agent for property may be responsible for:

• Managing bank accounts and paying bills
• Buying, selling or leasing property
• Handling tax matters and retirement plans
• Running a business
• Managing investments and insurance policies

An agent for healthcare has the authority to:

• Make medical treatment decisions
• Consent to or refuse medical procedures
• Decide on end-of-life care, including the withdrawal of life-sustaining treatment

In both cases, the agent has a legal duty to act in good faith and in your best interest, keep detailed records, and follow your instructions as closely as possible.

What if I Need More Than One Agent?

While you can only have one agent acting at a time in Illinois, you can and should name backups. This is done by appointing a “successor agent.” If your primary agent is unable or unwilling to serve due to death, illness or other reasons, your successor agent will step in. Naming at least one successor is a wise strategy to ensure there is always someone available to manage your affairs without interruption. Appointing co-agents to act simultaneously can create complications and disagreements, which is why Illinois law requires a clear line of succession.

How Do I Make the Appointment Official?

To make your appointment of an agent official, you must create and sign a formal Power of Attorney document. This document needs to be properly drafted to comply with Illinois state law and clearly outline the powers you are granting to your agent. It is crucial to have the document witnessed and notarized as required. Vague or improperly executed documents can be challenged and may be found invalid by courts or financial institutions. An attorney can verify that your POA is legally sound and accurately reflects your intentions.

How Can an Attorney Help Me?

An estate planning attorney offers invaluable assistance in drafting and executing your Powers of Attorney. At Wilson & Wilson, we help clients understand the full implications of appointing an agent and tailor the POA documents to their specific needs and circumstances. We confirm that all legal requirements are met, minimizing the risk of future disputes and providing you with the peace of mind that your affairs are in order.

Secure Your Future Today

Choosing the right agent for your Powers of Attorney is a decision that protects your legacy and ensures your wishes are respected. Don’t leave these important decisions to chance. Contact Wilson & Wilson today to schedule a consultation. Our team is here to provide the personalized assistance you need to make informed choices for your future.