The limited power of attorney form allows a person in North Carolina to choose someone else to have control over a specific action or event. The power the principal may grant can be anything legal under the laws of North Carolina in relation to financial matters and can be as minute as picking up mail for a period of time to closing on a real estate transaction.
The form may be voided either through completion of the objective stated in the form, at a specified expiration date, or through revocation or incapacitation of the principal. The document, as with the other financial documents, must be notarized and signed with two (2) witnesses present.