Does Illinois Allow for Power of Attorney? Every state recognizes some form of POA agreements. However, states sometimes have particular rules regarding the form, content, and validity of the agreements in certain situations. In Illinois it easy to obtain basic POAs through theIllinois Power of At...
Under a POA, any conveyance of a principal’s property that financially benefits the agent is presumed fraudulent. This includes transfers directly to the agent as well as those to third parties engineered by the agent. Once this presumption attaches, the burden shifts to the agent to disprove ...