Limited Power of Attorney where you Specify Powers with Sample Powers Included - Louisiana 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 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.
When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.
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.
Special Mandate (Limited or Specific POA) Grants authority for specific tasks (e.g., selling a property, signing a contract). The agent has only the powers expressly listed in the document.
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Who Should Be Your Agent? You may wish to choose a family member to act on your behalf. Many people name their spouses or one or more children. In naming more than one person to act as agent at the same time, be alert to the possibility that all may not be available to act when needed, or they may not agree.
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?

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