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A limited power of attorney is a legal document enabling someone to act on your behalf under specific circumstances, making it beneficial for individuals who may be out of the country during significant transactions or those wishing to avoid frequent financial queries. Although the principal (the person granting authority) can appoint an agent (the one receiving authority) to perform actions typically requiring their signature, this power comes with limitations. These limitations include a defined duration, allowing the principal to specify how long the arrangement will last. This tool is distinct as the principal does not need to be an attorney to grant these powers.