A South Carolina limited power of attorney enables a principal to delegate specific monetary and property authorities to an agent, typically called an “attorney-in-fact.” In most cases, limited POAs are nondurable, meaning they don’t remain effective if the principal becomes incapacitated.
This document automatically terminates upon the completion of assigned tasks or at a predetermined expiration date that the principal specifies. Agents won’t have any authority beyond what the document explicitly states, ensuring controlled representation in defined mattters.
Legal Considerations
Statute – South Carolina Uniform Power of Attorney Act.
Authority – § 62-8-201 – An agent under a limited POA can act on behalf of the principal and wield limited authority as the agreement expresses.
Signing Requirements – § 62-8-105 – Notary public and two witnesses.
