There are plenty of places from where one can find limited power of attorney template especially over the internet. Just type that phrase in any of the search engines and you will find hundreds of links for that. There are legal websites having thousands of free samples and templates and apart from that there are many other websites having that all. The original term is special of power of attorney and if you find a template for that then it means it’s the template for limited power of attorney.
What is limited power of attorney?
There are generally two classifications of a power of attorney which are:
- general power of attorney
- special power of attorney
In a general power of attorney the agent has more powers while in the special power of attorney agent is limited to usually one act only. For example the principal can appoint an agent to represent him/her in the legal suits only and for that a special power of attorney for the purpose of litigations only can be drafted and executed. Similarly a special power of attorney can be given on the name of agent to the extent of receiving rents of any property only. While if for the same property the powers to sale, pay bills, taxes, remodel, etc. are given to anyone then they fall under the general power of attorney.
Limited power of attorney has a limited scope
If you find a limited power of attorney template anywhere then you will find in its contents that it has limited scope only. The agent has limits to act under such power of attorney while representing the principal. The agent does not have powers to exercise many things in that and this he/she can not misuse anything out of that. Another aspect is that special power of attorney usually requires less attestations for its becoming a valid document while a general power of attorney at times require more attestations for behaving as a valid document. However it is dependent on the local rules of various areas around the world which require such attestations at times.
Template may differ from area to area
If you manage to download or copy a limited power of attorney template from any source then it might be a possibility that such doesn’t work in your area. There are different styles and templates of power of attorneys acceptable by courts in different parts of the world. so it is always better to search a limited power of attorney sample pertaining to specific area so that such format is acceptable in local courts of that area when its been executed.
Reading a limited power of attorney template there is a chance that you may find the principal giving more powers to agent then he/she is supposed to give in a special power to attorney to agent. The reason for that is generally because when such powers are given in general power of attorney then they may require certain attestations from concerned authorities at times. So people give special power of attorney to their agents mentioning such powers in order to avoid such hassle of attestations.