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A limited power of attorney is a legal document that enables someone to act on another person's behalf under specific conditions. It is particularly useful for individuals who will be unavailable during important transactions, such as traveling abroad or for those seeking to delegate financial decisions without constant involvement. As implied by its name, a limited power of attorney has restrictions, including a defined duration, which the principal can specify. It is important to note that the principal does not need to be an attorney to grant these powers. Overall, this tool allows for designated authority in particular situations while maintaining control for the principal.