Special/Limited Power of Attorney

Limited Power of Attorney (POA) is a legal document that grants someone (the agent) the authority to act on behalf of another person (the principal) in specific, limited circumstances. With a Limited POA, the agent can only perform the actions specified in the document. The Limited POA may grant the agent the power to sign documents or manage a particular asset or account for a specific period. The document can be tailored to fit the specific needs of the principal and can limit the scope of the agent’s authority to act on his or her behalf.

Limited POA is often used when the principal cannot act on their behalf, such as during a period of incapacity, or when the principal is unavailable, such as when they are traveling abroad. It can also be used in business, real estate, and other legal situations where the principal needs an agent to manage certain responsibilities for a specific purpose and limited time. If you believe you may need someone else to act on your behalf at some point in the future, getting a Limited POA is an option that may be beneficial to you. Let the TrustHandled team assist you today.

Make Sure You Have The Right Form

The form you use to create your Limited Power of Attorney will depend on your state. Trustbox will help you ensure you have the right form that meets the requirements under the specific laws in your jurisdiction.

If you do not ensure the form is proper, your limited POA might be rendered invalid by the courts or challenged by other parties. Rely on a trusted service that will provide the correct forms depending on where you live. 

How to Get Limited POA (5 steps)

Obtaining a Limited Power of Attorney requires careful planning and execution to ensure the document is legally valid and meets your needs. If any stage of the process is skipped or handled improperly, your Limited POA may be unusable, and your agent cannot act legally on your behalf. To create a valid Limited POA, you will need to follow the steps listed below:

1. Determine the purpose of the Limited POA. Identify the specific task or transaction that you want the agent to handle on your behalf. Think about the exact manner in which you would like the tasks to be carried out and any limitations you’d like to put in place. This is to avoid making a too broad POA that could be open to interpretation.
2. Identify the agent. Choose the person you want to grant the POA to. This should be someone you trust and with the skills and experience necessary to handle the task or transaction you outlined in the first step.
3. Draft the document. This is where Trustbox comes into play. When drafting your Limited POA, our platform will make sure to ask the right questions and include the specific purpose of the document, as well as all of the details you want to be included in step one as well as using precise language to ensure that your agent can easily understand the terms of the document, including all of their responsibilities and limitations.
4. Sign the document. Both you and the agent must sign the document. The Limited POA may require witnesses and/or notarization, depending on your state.
5. Provide copies of the document. You can either distribute copies of the signed Limited POA document to the agent by downloading the limited POA from your account or grant access to whoever you want. Any relevant parties involved in the transaction and any financial institutions or other entities that may require proof of the agent’s authority.