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A limited power of attorney is a legal document that allows a principal to delegate specific rights to an agent for managing routine personal business and financial matters without needing to contact the principal. For example, an agent, such as a book agent, can handle financial transactions like cashing checks on behalf of the principal, keeping a commission, and sending the remaining funds to the principal. This document automatically becomes void upon completion of agreed transactions or on a specific date. Unlike a general power of attorney, which covers a broad range of authorities, a limited power of attorney grants the agent authority for only specific actions. You may need this document for focused, temporary tasks.