A Vermont limited power of attorney empowers a principal to assign specific authority and responsibilities to an agent for predefined tasks. For example, this document may let an agent (the “attorney-in-fact”) engage in real estate transactions or handle banking matters for the principal.
Typically, termination occurs upon completion of a designated obligation or on a predetermined expiration date the principal sets in advance. Note that while the principal can make this document durable, it’s usually nondurable, meaning it’s void if the principal becomes incapacitated, regardless of task completion status.
Legal Considerations
Statute – Title 14, Chapter 127 (Uniform Power of Attorney Act).
Authority – 14 V.S.A. § 4031 – If a principal assigns powers to an agent under a limited POA, the agent may act in the principal’s favor only if the document explicitly states the powers in question.
Signing Requirements – 14 V.S.A. § 4005 – Notary public.
Related Forms
Motor Vehicle Power of Attorney | Form VN-101
Signing requirements: Notary public and one witness (23 V.S.A. § 202, 23 V.S.A. § 203, 23 V.S.A. § 2082, 23 V.S.A. § 2083).
