Question: What is a limited Power of Attorney?Answer:
A Power of Attorney is a legal document which appoints another person to act on your behalf in matters of finance and property. You might want to have a Limited Power of Attorney where you are unable or do not wish to handle your financial matters personally, such as when ill or travelling overseas.
It gives your attorney the power to manage your assets and financial affairs according to your instructions, such as signing legal documents or paying bills on your behalf.
A Limited Power of Attorney differs from an Enduring Power of Attorney, which is intended to continue after you have lost physical or mental capacity to manage your own financial affairs. Power of Attorney terminates upon death, where the appointed executor of the will takes over.