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This authorized person or persons will be called your agents or attorneys in fact.
Simple limited power of attorney form. A limited power of attorney also called a specific power of attorney is a type of power of attorney form that is used to appoint someone to perform limited or specific tasks on your behalf. Power of attorney forms are legal documents that allow you to authorize another person to make your important decisions for you in case something happens that prevents you from making those decisions yourself. Most of the time when the task for which the power of attorney was created is completed. Limited power of attorney allows a person to designate someone else to take care of specific financial activities on his or her behalf.
This power of attorney explains the exact decisions that the principal grants to the agent or attorney in fact. Types of situations to use a limited power of attorney form. The action may be as small as picking up mail to as dynamic as selling real estate to the benefit of the person being represented. The form may be voided at a particular time or at the time the action is complete.
A limited power of attorney form may be a legally binding document that provides decision making power to another person. A limited power of attorney is also referred to as the following. Download adobe pdf microsoft word doc. For example a book agent may have the author they represent sign a limited power of attorney.
This is especially used when a person will be out of town or out of the country and when he will be deployed for military service. Due to illness or absence allowing your agent to sign a document or contract on your behalf.
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