A Limited Power of Attorney is a Power of Attorney for a specific or limited purpose, and allows someone to act on your behalf for only specific or limited purposes. On the other hand, a General Power of Attorney allows a person to act on your behalf for any purpose.
A Limited Power of Attorney could be for one specific purpose such as buying a home, buying a car, or buying/selling stocks and investments. A Limited Power of Attorney would most likely only be valid for a certain period of time, and unless designated as a Durable Power of Attorney it would become invalid if you became incapacitated.
Kristal M. Cowger, Attorney at Law
Blado Kiger Bolan, Tacoma, Wash.
