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In general, an agent can be anyone who is legally competent and over the age of majority, even if they are not a resident of Illinois. Most people select a close family member such as a spouse, sibling or adult child. However, any person—such as a friend or a professional—whom you trust to manage your financial affairs and assets for you when you cannot do so would be ideal. Because of the increasing number of older adults who have no family members to name as agent in a Power of Attorney for Property, there are a growing number of professionals—both individuals and companies—who can be retained to serve as your financial agent. Our office has worked with many of them to the benefit of our clients.
In Illinois, you can only have one agent serve at a time. However, you can name as many other agents to serve, one at a time in the order listed, if your primary choice for your financial agent is unable or unwilling to act.
Schening & Dopke Law, LLC is located in South Elgin, IL and serves clients throughout Kane, DuPage, DeKalb and Cook Counties and the surrounding areas.
