Limited Power of Attorney Kit
A limited power of attorney allows you to appoint someone to manage specific elements of your legal, financial or property affairs on your behalf. The authority granted to your agent comes to an end if you become incapacitated.
This Limited Power of Attorney Kit contains all the information and ready-to-use lawyer prepared legal forms necessary to create a limited power of attorney. Simply follow the instructions and you can prepare a limited power of attorney for finance and property quickly and easily.
- Prepare a limited power of attorney in minutes.
- Appoint someone to manage your specific aspects of your affairs.
- Protect your assets and family.
- Step-by-step instructions.
- Lawyer approved.
A limited power of attorney for finance and property allows you to appoint someone you trust to manage a specific element of your legal, financial or property affairs on your behalf.
Limited powers of attorney are, as the name suggests, limited in scope. They allow your agent to act as your authorized legal representative only in relation to the specific matters you specify in your power of attorney document. These matters may relate to real estate, bonds, share trading, commodity trading, operating a business, instituting of defending litigation, banking, insurance and virtually any other matter. The agent will not be legally authorized to do anything which is not expressly provided for in the power of attorney.
The agent’s authority under the limited power of attorney will come to an end if you revoke the agent’s authority, become incapacitated or die. In addition, where the power of attorney is limited in duration, the agent’s authority will come to an end on the expiration of that term.
There are many reasons why you might want to appoint someone else to look after your affairs. For example, if you are going to be out of the country for a lengthy period of time, you might want someone to do your banking while you are gone or you may even want them to execute documents in connection with the purchase or sale of a property. If you are approaching old age, you may simply want to give a power of attorney to a person you trust so that he or she can manage your property or affairs for you.
Our Limited Power of Attorney Kit contains all the information and ready-to-use lawyer prepared legal forms necessary to create a limited power of attorney to cover almost any conceivable situation. It also contains all the documents and forms necessary to revoke your specific power of attorney. Simply follow the instructions and you can prepare your limited power of attorney for finance and property quickly and easily.
Table of Contents
Using Self-Help Kits
What is a Power of Attorney?
Types of Powers of Attorney
Capacity to Make a Power of Attorney
What Does Being “Incapable” or “Incapacitated" Mean?
Should I Make a Power of Attorney?
What Happens Without a Power of Attorney?
What if You Think You Don’t Need a Power of Attorney?
The Relationship Between Principal and Agent
Who Can Be an Agent?
Joint or Joint and Independent Agents
Scope of an Agent’s Powers
Duties and Responsibilities of an Agent
Choosing an Agent
What Laws Govern My Power of Attorney?
Witness to a Power of Attorney
Commencement of a Power of Attorney
Filing or Recording a Power of Attorney
Revocation of a Power of Attorney
Important Points & Recommendation
Appendix 1 - Signing Instructions
Instructions for Completing the Durable General Power of Attorney
Instructions for Completing the Agent’s Acceptance of Appointment
Instructions for Completing the Notice of Revocation of a Power of Attorney
Appendix 2- Limited Power of Attorney for Finance and Property Form
Appendix 3 - Agent’s Acceptance of Appointment
Appendix 4 - Notice of Revocation of a Power of Attorney
The following forms are included with this kit:-
- Limited Power of Attorney Form
- Notice of Revocation of a Power of Attorney
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