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The Indiana Limited (Special) Power of Attorney documents the arrangement made between two (2) parties (principal & agent) where one individual authorizes another individual to act in their place for certain personal dealings. With this distinctive format, the permitting party has the capability of supplying the form with their own custom description of the authority they wish to bestow. The necessary measures needed to create a legal document entail the executor inserting the names & addresses of the participants, outlining the terms of the authority being granted, and establishing the effective date/termination policy of the instrument. (Refer to the law section below for the statutory signing regulations.)

Laws

Statutes – Title 30, Article 5: Powers of Attorney (§ 30-5)

Definition – “Power of attorney” means a writing or other record that grants authority to an attorney in fact or agent to act in place of a principal, whether the term “power of attorney” is used (§ 30-5-2-7).

Signing Requirements – Acknowledgment of the principal party’s signature by a notary public (§ 30-5-4-1(4)). (This form contains additional areas for the acknowledgment of an agent and two (2) witnesses but is not required by law.)