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

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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.
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.
Limited Power of Attorney: As the name implies, this type of Power of Attorney has a narrowly defined scope, such as authorizing an agent to handle a specific transaction or financial matter during a set period of time. It does not grant the broad decision-making powers of a Durable POA.
How to fill out a limited power of attorney form Part 1: Specify who is the principal (you) and who is the agent (who will act on your behalf). Part 2: Describe the powers you (the principal) are assigning to your agent. Part 3: Define the timescale i.e. when will the power of attorney be effective?
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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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.

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