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Specific Power of Attorney

A Specific Power of Attorney is a legal document that grants an individual the authority to act on behalf of another person for a specific purpose or transaction.

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Service Description

A Specific Power of Attorney is a legal document that authorizes a person, referred to as the “attorney-in-fact” or “agent,” to act on behalf of another person, referred to as the “principal.” The power given to the agent is limited to specific tasks or transactions that are listed in the document. This type of power of attorney is often used in situations where the principal needs someone to act on their behalf for a specific purpose, such as signing a contract, selling property, or managing financial affairs.

To create a Specific Power of Attorney, the principal must first choose someone they trust as their agent. The principal should carefully consider the tasks or transactions they want the agent to handle. These should be clearly listed in the document, along with any specific instructions or limitations. The principal must sign the document in the presence of a notary public or witnesses, depending on the requirements of their state.

Once the document is signed and notarized, the agent has the legal authority to act on behalf of the principal for the specific tasks or transactions listed in the document. The agent must act in the best interests of the principal and follow any specific instructions or limitations listed in the document. The agent must also keep accurate records of their actions and transactions on behalf of the principal.

It is important to note that a Specific Power of Attorney is different from a General Power of Attorney. A General Power of Attorney gives the agent broad authority to act on behalf of the principal for all legal and financial matters, while a Specific Power of Attorney is limited to specific tasks or transactions.

In summary, a Specific Power of Attorney is a legal document that allows a trusted person to act on behalf of another person for specific tasks or transactions. It is important to carefully consider the tasks or transactions to be included in the document and to choose a trustworthy agent. The agent must act in the best interests of the principal and follow any specific instructions or limitations listed in the document.

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