Maryland Limited Power of Attorney Form

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A Maryland Limited Power of Attorney Form is used to give the Agent a single limited power. This can range from power over the Principal’s bank accounts or investments, to simply giving them the power to file tax returns or purchase property on their behalf. This is less often used to give the Agent power over a Principal who is incapable of managing their finances and more often used when the Principal wishes to delegate some of their responsibilities.

Often times the Principal will want to put in language specifying that this agreement will be void after the Agent has completed a specific task (purchasing a vehicle or real estate, for example). As this is not a standard inclusion to a Power of Attorney Form, they will have to explicitly spell this out in the agreement. This kind of form is generally considered a less risky Power of Attorney agreement than the General agreement, as it gives the Agent much less power.