A Kentucky limited power of attorney is a document that allows someone to appoint a personal representative to manage a specific financial task on their behalf. This form, distinct from a general power of attorney, grants the agent authority to perform only the duties explicitly mentioned, ensuring their actions are confined to the principal’s specified wishes.
The document automatically expires upon the task’s completion, at a predetermined time, or if the principal becomes incapacitated.
Legal Considerations
Statute – Uniform Power of Attorney Act (§§ 457.010 — 457.460)
Authority – KRS § 457.245 – An agent appointed under a power of attorney may act on behalf of the principal and exercise limited (special) authority as expressly granted by the agreement.
Signing Requirements – KRS § 457.050 – Notary public.
