Limited Power of Attorney where you Specify Powers with Sample Powers Included - Pennsylvania 2025

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How Long is a Limited Power of Attorney Good For? A Limited Power of Attorney is good for as long as you establish it. In contrast to a General POA, which expires only if you revoke it or once you pass away, Limited POAs are designed to be valid for a specific amount of time.
A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.
A power is called limited if the holder of the power cannot exercise the power in favor of herself, her estate or the creditors of her estate. Because it is limited, the assets subject to the power dont get added to the power holders estate for estate tax purposes.
Here is a list of key changes from Act 95: New Requirements for Executing a POA: The principal must execute the POA before a notary public and 2 independent witnesses; New Formalities Required: The first page of the POA must include a statutory notice in capital letters signed by the principal.
4 Types of Power of Attorney Available in Pennsylvania General Power of Attorney. The general power of attorney is a proactive measure for those who want to ensure that their affairs are managed seamlessly. Limited Power of Attorney. Springing Power of Attorney. Durable Power of Attorney.
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Durable POAs are particularly useful for individuals planning for future incapacity, providing peace of mind that their affairs will be managed ing to their wishes without the need for court intervention.

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