Power of Attorney for Property Requirements

In order to execute an Illinois Power of Attorney for Property, the Principal must be 18 years of age and a resident of Illinois. The Agent must also be 18 years of age, and need not be an Illinois resident. Finally, the Power of Attorney for Property must be signed by the Principal, witnessed and notarized. Because Illinois requires that the Power of Attorney for Property be notarized and witnessed, most states should recognize it. A Power of Attorney for Property that has been executed in compliance with the laws of another state will be recognized in Illinois.