Tag Archives: Illinois’ new Power of Attorney Act

Illinois has adopted changes to the Power of Attorney Act, which raise the following questions: How does it fit into you senior estate planning and Elder Law needs? How does it fit into your asset protection plan for long-term care? Introduction In 2011, the Illinois legislature created major changes to the Power of Attorney Act. The changes took effect July 1, 2011. There are two types of powers of attorney, healthcare and property. Powers of attorney for healthcare and powers of attorney for property are written instructions that enable you to transfer decision-making authority from you (the principal) to a …