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A limited power of attorney is a legal document that enables someone to act on your behalf under specific conditions, making it useful for situations like being out of the country during important transactions. It serves those who prefer not to handle every financial decision personally. While the principal grants these powers, the agent does not need to be an attorney. The limited nature of the power of attorney means there are constraints, one of which is time; the principal can define the duration of the arrangement. Understanding these limitations and how to establish a limited power of attorney is crucial for effective use.