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A limited power of attorney is a legal document that enables an individual (the agent) to act on behalf of another (the principal) under specified circumstances. It is particularly useful for those who may be out of the country during important transactions or for individuals wishing to avoid constant involvement in financial matters. This document has inherent limitations, including its duration; the principal can specify how long the power of attorney is valid. Unlike general powers of attorney, a limited power of attorney grants authority only for particular tasks, and the principal does not need to be an attorney to establish this arrangement.