A Mississippi limited power of attorney is a legal document that enables a person to appoint a trusted representative to manage specific personal and financial tasks on their behalf for a certain transaction or time frame. This is particularly useful when the principal is unavailable to act personally, ensuring their obligations are fulfilled by someone reliable and available, who must be consulted beforehand.
It grants the agent defined powers for a set duration or until a specified action is completed, but it is not durable; the agent’s authority ceases if the principal becomes incapacitated. Typically, this form authorizes agents, often real estate attorneys, to conduct specific financial transactions, like closing on a property sale. It automatically becomes void upon the task’s completion or on a predetermined expiration date.
Legal Considerations
Statute – Power and Letters of Attorney (§§ 87-3-1 — 87-3-113)
Signing Requirements § 87-3-1 – Notary public.
Related Forms
Vehicle Power of Attorney Form | Form 78-003-21-8-1-000
Signing Requirements: Principal and notary public.
Minor (Child) Power of Attorney
Signing Requirements: Notary Public.
Real Estate Power of Attorney
Signing Requirements: Notary public.