Depending on the duties your father has to perform for your mother on everyday basis, as well as extension of assets, he may need one of two forms:
1) “Durable General Power of Attorney for Property & Finances (Immediate), appointing one agent.”
The powers your mother grants in Durable General Power of Attorney continue to be effective should she become disabled or incompetent..
A Durable General Power of Attorney does not authorize anyone to make medical or other health care decisions.
Durable General Power of Attorney is an important legal document. It gives the person whom you designate (your "agent", “attorney-in-fact”) broad powers to handle your property during your lifetime, which may include powers to mortgage, sell, or otherwise dispose of any real or personal property without advance notice to you or approval by you.
The other subjects discussed in a general durable Power of Attorney are: stock and bond transactions, commodity and options transactions, banking, estate and trusts, claims and litigation, personal and family maintenance, division of social security and other governmental benefits, retirement plan transactions, tax matters.
2) Illinois Durable Limited Power of Attorney – is good if your mother wants to grant to your father limited authority. For example, to handle deposit/withdrawals from bank accounts, acceptance of SS benefits, retirement, etc.
You may easily obtain either of these forms from:
LEGAL DISCLAIMER: Legal Helpmate Corp. is not a law firm and does not give legal advice. If difficult legal issues are involved, you should consult an attorney.