An Indiana limited power of attorney is a legal document enabling a principal to appoint an agent to perform specific actions on their behalf for a limited time. This document confines the agent’s powers to precise tasks, such as managing financial transactions when the principal is unavailable.
It remains effective until the designated duties are completed, a set expiration date is reached, or it is voided by the principal’s death or incapacitation. It’s crucial for the principal to fully trust the agent and for the document to clearly outline the agent’s limited scope of authority to prevent any misuse.
Legal Considerations
Statute – Powers of Attorney (§§ 30-5-1-1 — 30-5-10-4)
Signing Requirements – IC 30-5-4-1 – Notary public or in the presence of witnesses.
Related Forms
