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A limited power of attorney is a legal document permitting someone to act on your behalf under specific circumstances, useful for those out of the country during important transactions or for individuals preferring not to manage every financial inquiry. It has inherent limits, primarily regarding duration. The principal, who grants the authority, can define the time frame for which this power is effective. A limited power of attorney allows the agent to perform actions typically reserved for the principal, such as approving signed documents, without necessitating that the principal be an attorney. This arrangement can be tailored to fit the needs of the principal, ensuring control over the scope and timeframe of the powers granted.