Get the free Limited Power of Attorney - Nationwide

LIMITED POWER OF ATTORNEY FOR CORPORATE OWNED LIFE INSURANCE OR BANK OWNED LIFE INSURANCE POLICIES Nationwide Life Insurance Company Nationwide Business Solutions Group, 111401 One Nationwide Plaza,

How to fill out limited power of attorney

How to fill out a limited power of attorney:

1. Identify the parties involved: Begin by providing your full name and contact information as the principal, and the full name and contact information of the person you are granting the power of attorney to, known as the agent or attorney-in-fact.
2. Specify the powers granted: Clearly state the specific powers you are granting to the agent. These powers can include financial, legal, medical, or any other specific authority you wish to delegate. It is essential to be clear and specific in defining the limitations and scope of the powers granted.
3. Be specific about the duration: Determine the duration for which the power of attorney will be effective. You can choose to make it a one-time event for a specific task or extend it indefinitely until revoked. State the start date and end date if applicable.
4. Describe any conditions or limitations: If there are any conditions or limitations to the powers granted, make sure to clearly outline them. This could include restrictions on specific actions, specific accounts or properties the agent can or cannot manage, or any other terms you want to include.
5. Get it notarized: Many states require a limited power of attorney to be notarized for it to be legally valid. Locate a notary public or go to a local notary service to have the document notarized. Both the principal and agent must sign the document in front of the notary.

Who needs a limited power of attorney:

1. Individuals expecting to be unavailable: A limited power of attorney is useful for individuals who anticipate being unable to handle important matters personally for a specific period. This could be due to travel, illness, or any other reason that may temporarily impede their ability to act.
2. Business owners: Business owners often use limited power of attorney to appoint agents who can act on their behalf to make business decisions or conduct transactions when they are unable to do so themselves.
3. Elders or individuals with disabilities: Limited power of attorney can be beneficial for elderly individuals or those with disabilities who may need assistance with financial or personal matters. It allows them to delegate certain responsibilities to a trusted agent.
4. Real estate transactions: Limited power of attorney is commonly used in real estate transactions, especially when one party is unable to physically be present to sign documents or complete the necessary paperwork. This allows the appointed agent to act on their behalf during the transaction.
5. Individuals in the military: Military personnel who are frequently on active duty and unable to handle personal or financial matters can benefit from a limited power of attorney. This ensures that their affairs are managed by a trusted agent while they are away.

Remember to consult with an attorney or legal professional to ensure your limited power of attorney is valid and enforceable according to the laws of your jurisdiction.

For pdfFiller’s FAQs

What is limited power of attorney?

Limited power of attorney is a legal document that gives someone else the authority to act on your behalf in specific situations or for a specific period of time.

Who is required to file limited power of attorney?

Anyone who wants to appoint someone else to make decisions on their behalf in specific situations may be required to file a limited power of attorney.

How to fill out limited power of attorney?

To fill out a limited power of attorney, you will need to include the names of the parties involved, the specific powers granted, and signatures of all parties involved in front of a notary public.

What is the purpose of limited power of attorney?

The purpose of a limited power of attorney is to allow someone else to make decisions on your behalf in specific situations without giving them full control over all of your affairs.

What information must be reported on limited power of attorney?

Information that must be included on a limited power of attorney includes the names of the parties involved, the specific powers granted, and the duration of the authority granted.

How can I modify limited power of attorney without leaving Google Drive?

By combining pdfFiller with Google Docs, you can generate fillable forms directly in Google Drive. No need to leave Google Drive to make edits or sign documents, including limited power of attorney. Use pdfFiller's features in Google Drive to handle documents on any internet-connected device.

How do I edit limited power of attorney online?

With pdfFiller, you may not only alter the content but also rearrange the pages. Upload your limited power of attorney and modify it with a few clicks. The editor lets you add photos, sticky notes, text boxes, and more to PDFs.

How do I fill out limited power of attorney on an Android device?

Use the pdfFiller mobile app to complete your limited power of attorney on an Android device. The application makes it possible to perform all needed document management manipulations, like adding, editing, and removing text, signing, annotating, and more. All you need is your smartphone and an internet connection.