Illinois Estate Plan

Download or read book Illinois Estate Plan written by Michael E. Byczek and published by Michael E. Byczek. This book was released on 2024-06-23 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power of Attorney is a legal concept that allows you to appoint another person to make property, financial, and health care decisions for you. He/she may, for example, sign documents, sell real estate, access bank accounts, and coordinate with doctors to make decisions about your medical treatment.

The legal documents to create a Power of Attorney may be collectively known as an estate plan in combination with other important documents, like a Will or Trust.

Illinois Law provides two types of Power of Attorney: (1) Property and (2) Health Care.

The Illinois law has very strict rules and sample format for each document to create a Power of Attorney. This book focuses entirely on these laws and the recommended statutory format:

- Power of Attorney for Property
- Power of Attorney for Health Care
- Detailed Instructions and Insight
- Relevant Illinois Laws

Power of Attorney for Property: The person you appoint, called your “agent”, is given broad powers to handle your financial affairs. For instance, he/she can sell your property (real estate and personal assets) without your consent.

Power of Attorney for Health Care: The person you appoint is called your "health care agent". This individual has the authority to make health care decisions for you if you are unable to make them yourself.

Also included is a brief tutorial for artificial intelligence writing your Power of Attorney without an attorney using AI chatbot platforms (ChatGPT, Claude, and Gemini).

The author, Michael E. Byczek, has been a licensed Illinois attorney since 2007 (Chicago, IL). He manages his own legal business (https://byczeklaw.com) and has also been a licensed real estate broker (https://byczekbrokerage.com) since 2003. He has been developing legal mobile apps since 2008 and launched an eBook series in 2024.

While only valid for Illinois residents, anybody can use this information to learn the legal requirements of a Power of Attorney and use the documents as a template to write your own version. You may also modify these documents to suit your preferences. You don’t need to be an attorney to write your own legal documents, just make sure the final version is accurate and valid.