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A limited power of attorney is a legal document enabling someone (the agent) to act on your behalf under specific circumstances. It is particularly useful for individuals who may be out of the country during important transactions or those seeking to delegate authority for routine financial decisions. The principal grants these powers, which can include signing documents, without needing to be an attorney. However, there are limitations, such as a predefined duration specified by the principal, meaning the power does not last indefinitely. Understanding how to create a limited power of attorney and its constraints is essential for effective use.