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A limited power of attorney is a legal document that enables someone to act on your behalf under specific conditions. It is particularly useful for individuals who may be out of the country during important business transactions or for those who prefer not to be involved in every financial decision. This legal tool comes with limitations, including a specified duration, which the principal can define. The principal grants an agent the power to perform certain actions, such as signing documents, without needing to be an attorney themselves. Overall, it provides a flexible solution for managing affairs when direct involvement is not possible.