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The Pennsylvania Limited (Special) Power of Attorney drafts a written instrument instating rights to an attorney-in-fact to act on behalf of a principal party regarding select financial matters. The declarant can make adjustments to the paperwork as needed to customize the powers granted as well as the designated period of the endowment. Authorization for extended power(s) to take action or sign in place of the owing individual can be bestowed concerning bank accounts, personal property, real estate, or associated legal matters. The limited agreement allows for fine-tuning the arrangement with allocated space to word the permitted privileges to meet the principal’s needs.

Laws

Statutes – Pennsylvania Statutes Title 20, Chapter 56 – Powers of Attorney

Definition – § 5601.4

Signing Requirem – A notary must conduct endorsement supervision with the inclusion of and two (2) witnesses per Pennsylvania Statutes Title 20 § 5601(b)).

Revocation – § 5605