A West Virginia limited power of attorney customizes the appointment of a proxy for certain scenarios the principal outlines beforehand. Once the principal signs this document and has it notarized, it verifies that the agent has the authority to conduct specified real estate or financial transactions on the principal’s behalf.
It’s imperative that the appointed agent is readily available and comprehends their role fully, as these factors let the agent act in the principal’s favor. Upon completion of the designated tasks, the representative’s authority expires, and the power of attorney is terminated. Notably, the form is non-durable, losing validity if the represented individual loses decision-making capacity.
Legal Considerations
Statute – Chapter 39B (Uniform Power of Attorney Act).
Authority – § 39B-2-101 – The limited POA should explicitly grant the agent any powers they exercise for the principal.
Signing Requirements – § 39B-1-105 – Notary public.
Related Forms
