A Limited or Special Power of Attorney (POA) is designed for specific situations where you want to grant an agent the authority to act on your behalf, but only within a narrowly defined scope or for a particular task. This type of POA is useful in various circumstances where you don’t need or want to give someone broad control over all of your affairs.
If you're unable to attend a closing due to being out of town or for other reasons, a Limited POA can authorize someone to sign documents related to the sale, purchase, or management of property on your behalf.
You might use a Special POA to allow someone to access your bank account to pay bills or manage financial transactions for a specified period, particularly if you're temporarily incapacitated or out of the country.
A Limited POA can authorize someone to buy, sell, or register a vehicle for you, which can be useful if you're unable to do so yourself due to travel, illness, or other commitments.
If you need someone to manage specific business activities, such as signing contracts, making purchases, or conducting transactions on behalf of a business you own, a Special POA can grant that authority for a defined period or task.
For specific legal actions, such as representing you in court for a particular case or filing documents on your behalf, a Limited POA can grant someone the authority to act in your stead.
While typically covered under a Healthcare Power of Attorney, a Limited POA might also be used in certain jurisdictions to authorize someone to make specific medical decisions on your behalf if you are unable to do so.