A California limited power of attorney is a legal document that grants specific powers to an appointed individual, known as the agent or attorney-in-fact, to act on behalf of the principal. This authorization is limited to certain tasks or responsibilities outlined within the document, such as handling financial transactions, signing contracts, or purchasing real estate. However, it does not grant unlimited power over the principal’s affairs.
Typically, its validity ends upon the fulfillment of its designated purpose. However, it is crucial for the grantor to clearly define authorized actions and duration to avoid unintended outcomes.
Legal Considerations
Statute – Probate Code, Division 4.5. Powers of Attorney [4000 – 4545].
Authority – § 4262 – The agent’s powers are limited to actions specified in the document. They also have authority incidental to these actions, necessary for their execution.
Signing Requirements – § 4121(c) – Notary public or two witnesses.
Related Forms
