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What Is Limited Power of Attorney?
Date Updated: July 26, 2024
Written by:
With over a decade of dedicated experience, Andrea Miller boasts an extensive background in healthcare writing and editing. Her expertise spans various facets of the healthcare industry, with a particular focus on nursing, senior care, Alzheimer’s disease, and public health. Andrea has also contributed her editorial talents to reputable publishers in the Philadelphia region, complementing her extensive freelance work.
Why do you need a limited power of attorney?
Having a limited power of attorney gives you flexibility in handling your affairs while maintaining control. The designated individual can only perform the duties you outline in the limited power of attorney document, so you must be specific when detailing the responsibilities, expectations and limitations of this role.
For example, if you want to sell a property you own in a different state, you might grant limited power of attorney to a trusted family member so that they can handle the transaction for you. If you need someone to handle your finances while you travel to another country for an extended period, a limited power of attorney can put the necessary parameters in place.
What does a limited power of attorney include?
Each state has its own regulations for limited power of attorney. In general, the document should establish the type of power of attorney, the date of creation, the date you want the arrangement to start and end, the name of the person you’re choosing to act on your behalf and your legal name. It should also cover the scope of the power of attorney and detail the wishes and preferences the designated individual should follow when making decisions for you.