The Minnesota Limited Power of Attorney Form is, as the name implies, used to give the Agent a specific limited power to manage a single aspect of the Principal’s finances or to perform an action for the Principal. This agreement is rarely Springing or Durable, as it is usually for a Principal who simply wishes to delegate aspects of their financial life to other parties.
In Minnesota, for a Financial Power of Attorney agreement to be valid it must be witnessed by either two (2) adults or a Notary Public. Neither of the adults can be related to the Principal or the Agent, either by blood or adoption. If the Principal wishes the agreement to become void after the Agent has completed the task for them (such as purchasing an automobile or filing taxes) then they will have spell that out in the agreement.