A limited power of attorney document lets a resident choose someone else to handle a specific monetary related action(s) or decision(s) on their behalf. The person doing the representation, the ‘Agent’, must always perform all acts in the best interests and to the favor of the person being represented, the ‘Principal’.
The principal may choose the exact actions by selecting from the list of options on the form or by writing in themselves. The period for which the form will be valid, may be for;
There are two types of limited power of attorney forms to choose from;