A Utah limited power of attorney is a way for a principal to delegate specific financial and real estate decision-making powers to a chosen individual who acts in the principal’s best interests and exercises special authority. The principal clearly outlines the responsibilities they want to grant, entrusting them to a thoughtfully selected agent.
In most cases, this form becomes void if the principal becomes mentally incapacitated. Typically, termination occurs upon completion of the agent’s tasks, at a specific time, or through the principal’s cancellation via a revocation form.
Legal Considerations
Statute – Title 75A, Chapter 2 – Uniform Power of Attorney Act.
Authority – § 75A-2-201 – An agent may represent the principal’s interests and employ special authority only as the principal outlines in the agreement.
Signing Requirements – § 75A-2-105 – Must be signed by the principal in the presence of a notary public. If the principal is a resident of a hospital, nursing home, or other skilled living facility, they may not name a hospital employee, physician, other healthcare provider, or facility owner or operator as their agent except in certain limited circumstances.