A Wyoming limited power of attorney is a document empowering an agent to act on a principal’s behalf in various facets of their lives, including real estate transactions and financial affairs. This form lets the principal assign specific tasks to trusted representatives, ensuring the agents only act in the principal’s desired manner.
Some examples of tasks the principal can permit the agent to perform include overseeing real estate sales or purchases, engaging in correspondence with financial institutions, and authorizing transactions. The flexibility of a limited POA lets it terminate upon task completion, predetermined dates, or the principal’s incapacity.
Legal Considerations
Statute – §§ 3-9-101 — 3-9-403 (Uniform Power of Attorney Act).
Authority – § 3-9-201 – An agent can act on the behalf of the principal and employ limited authority as the limited POA explicitly outlines.
Signing Requirements – § 3-9-105 – Notary public.
Related Forms
