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Estate planning isn’t just about wills and inheritances—it’s also about protecting your interests while you’re alive. One powerful tool that often goes overlooked is the Limited Power of Attorney (LPOA). Whether you’re traveling, handling finances for an aging parent, or dealing with a short-term health issue, an LPOA can help ensure your affairs run smoothly.

What Is a Limited Power of Attorney?

A Power of Attorney (POA) allows you to appoint someone (your “agent” or “attorney-in-fact”) to act on your behalf in legal, financial, or personal matters. A Limited Power of Attorney differs from a general durable POA in that it grants only specific, limited powers—often for a set period of time.

For example, you might authorize someone to:

• Sign documents for a real estate closing while you’re traveling.
• Manage a bank account or pay bills if you’re temporarily incapacitated.
• Handle business transactions on your behalf.

Once the specific task or timeframe ends, the LPOA automatically expires.

When Should You Use a Limited Power of Attorney?

1. Traveling Abroad for Work or Study
   If you’ll be out of the country but need someone to manage a financial or legal matter at home, an LPOA allows them to act in your absence.
2. Managing Finances for a Loved One
   If you’re helping a parent or grandparent with their bills, investments, or property but don’t need full control over their finances, an LPOA can be tailored to specific tasks.
3. Buying or Selling Real Estate
   If you can’t physically be present for a closing, you can authorize a trusted agent to sign documents on your behalf.
4. Medical Situations
   If you’re recovering from surgery or temporarily unable to handle your own affairs, an LPOA can ensure your finances remain in order.

The Bottom Line

A Limited Power of Attorney is a smart way to delegate authority without giving up full control. But it’s important to draft it carefully and choose a trustworthy agent. If you’re considering an LPOA, we can help ensure it aligns with your needs and offers the right legal protections.

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Thanks for reading.

Christopher E. Botti, Esq.
Certified Specialist in Estate Planning, Trust, and Probate Law

This blog is for informational purposes only and does not constitute legal advice. Every situation is unique, and you should consult with a qualified attorney for advice regarding your specific circumstances.