Articles on Durable Power of Attorney | Illinois State Bar Association

Durable Power of Attorney holders and FBAR liability—What the heck! By Charles Rubin Trusts and Estates, May 2014 Having ‘signature authority’ over a foreign account is enough of an interest in the account to be required to file a Report of Foreign Bank and Financial Accounts (FBAR).

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What powers? By Franklin M. Hartzell Trusts and Estates, May 2003 The Illinois General Assembly, in adopting and further amending the statute on Durable Powers of Attorney (755 ILCS 45/2-1) et. sq., made findings with respect to modern financial needs and advances in medical science, which among other things, expanded the application of the Financial Power of Attorney and the permissible scope of the agent's authority.

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