A Delaware limited power of attorney enables an individual (the principal) to appoint an agent to manage specific financial matters on their behalf. The agent’s powers are limited and may include managing real estate, conducting banking transactions, or handling tax matters.
The form becomes void when the specified tasks are completed, the established date expires, the principal revokes it, or the principal becomes incapacitated.
Legal Considerations
Statute – Title 12, Chapter 49A (Durable Personal Powers of Attorney Act).
Authority – § 49A-201 – A personal power of attorney grants authority to an agent to perform acts on behalf of the principal, subject to specified limitations.
Signing Requirements – § 49A-105 – Notary public and one witness.
Related Forms
