This durable limited power of attorney form, which has been prepared and approved by lawyers, grants an agent specific and limited authority to manage certain aspects of your legal and financial affairs. It does not come to an end as a result of incapacity.
The form comes complete with step-by-step instructions on completing your durable limited power of attorney; and will allow you to make a durable limited power of attorney quickly and easily without the need or expense of engaging your own lawyer.
The form will enable you to:
- Appoint someone to manage specific aspects of your financial affairs.
- Protect and safeguard assets.
- Protect against incapacity.
- Have peace of mind.
- And much more.
A durable limited power of attorney is used to appoint an agent to manage specific aspects of your legal and financial affairs (even if you become incapacitated). This could include matters such as managing property, running a small business, dealing with accounts in your name, and so on.
The authority can be very specific. For example, it could be limited to completing the sale of real estate to a specific person at a specific price and by a specific date.
Durable limited powers of attorney are usually granted to people you trust such as family members, trusted business advisers and close friends.
The authority granted to your agent can come into effect immediately, on the occurrence of a specific event (which could include your incapacity) or on a specific date. It will normally come to an end on a specific date, on the occurrence of a specific event, if you die or if you revoke the power of attorney by serving a notice of revocation on your agent (and, for good measure, on each person who has a copy of your power of attorney document).
Durable limited powers of attorney do not automatically come to an end if you become incapacitated. For this reason, they are a corner stone document in every good estate plan.
This Durable Limited Power of Attorney for Finance and Property is a downloadable form. It comes complete with instructions on how to fill in the form and sign it.
** Recommendation: If you are not completely familiar with making a durable powers of attorney, we recommend that you purchase our Power of Attorney Kit instead. The kit not only contains all the forms necessary for you to make a durable limited power of attorney but also includes a detailed overview of all of the items you need to consider when making a power of attorney.
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