A New Jersey Limited Power of Attorney Form is designed to restrict the Attorney-in-Fact’s power, by giving them a single, fixed power. This is usually not a Springing or Durable agreement, as the most commonly granted powers granted by this agreement are limited enough in scope that if the Principal is incapacitated, the Attorney-in-Fact will either no longer be needed, or the Principal will require much greater management of their affairs.
As this agreement’s powers are extremely limited, they are usually for a Principal who is capable of performing the actions that the Attorney-in-Fact has been charged with, but wishes to delegate them. This often includes paying rent, managing a bank account or filing a tax return. This agreement is usually therefore considered a simpler, safer alternative to the General Power of Attorney Agreement.