A Maryland limited power of attorney is a legal tool that enables you to designate a trusted individual to represent you in specific matters, often for a brief period or a particular task, such as managing a real estate deal.
This form of power of attorney is narrowly defined, limiting the agent’s role to actions or decisions explicitly outlined by you, the principal. It’s typically employed for single financial decisions or transactions, obliging the agent to act in your best interests.
The document automatically becomes void after its purpose is fulfilled or as detailed in the agreement, and it lacks durability, meaning it’s not effective if you become incapacitated.
Legal Considerations
Statute – Maryland General and Limited Power of Attorney Act (§§ 17-101 — 17-203)
Authority – MD Code, Estates and Trusts, § 17-203 – An agent with limited power of attorney may act on behalf of the principal and exercise specific (limited) authority as granted by the agreement.
Signing Requirements – MD Code, Estates and Trusts, § 17-110 – Notary public and two witnesses.
Related Forms
