A Virginia limited power of attorney lets a principal appoint an agent (or an “attorney-in-fact”) to manage designated financial tasks or real estate matters and transactions. This document strictly limits the agent to the responsibilities and timeframe the principal outlines, ensuring the agent acts within the principal’s best interests.
It’s most useful when you have a short-term need for handling an important financial or real estate matter. For example, you may use this form to have someone represent you when you’re traveling abroad or otherwise unavailable. The limited POA will be nondurable in most cases, meaning the agent’s powers terminate if the principal becomes incapacitated.
Legal Considerations
Statute – Title 64.2, Chapter 16 (Uniform Power of Attorney Act).
Authority – § 64.2-1622 – An agent under a limited POA may act with the principal’s property or on their behalf if the form expressly appoints this authority and the authority isn’t otherwise banned by another instrument, agreement, or statute.
Signing Requirements – § 64.2-1603 – Notary public.
Related Forms
Motor Vehicle Power of Attorney | Form VSA-70
Signing requirements: Notary public (Va. Code § 64.2-1603).
