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INDIANA2 0 1 8IT40FullYear ResidentIndividual Income Tax Bookletfreefile.for.in.gov FAST FRIENDLY FREEWAY! YOU MAY QUALIFY FOR FREE ONLINE TAX FILING! More than 85 percent of Indiana taxpayers filed

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How to fill out limited power of attorney

01

Begin by identifying the principal, who is the person granting the limited power of attorney.

02

Identify the agent, who is the person receiving the limited power of attorney.

03

Specify the powers that the principal is granting to the agent. This should be done clearly and specifically.

04

Include the effective date of the limited power of attorney. This is the date when the document takes effect.

05

Determine the duration of the limited power of attorney. Specify when the powers granted will end.

06

Have the principal sign the limited power of attorney in the presence of a notary public.

07

Provide copies of the limited power of attorney to the principal, agent, and any other relevant parties.

08

Keep the original document in a safe place, such as a secure filing cabinet or a bank safe deposit box.

Who needs limited power of attorney?

01

Limited power of attorney is typically needed in situations where an individual wants to grant someone else the authority to act on their behalf for specific purposes but does not want to give them full power of attorney.

02

Some common scenarios where a limited power of attorney may be needed include:

03

- Real estate transactions: A person may grant a limited power of attorney to someone else to handle the purchase or sale of property on their behalf.

04

- Medical decisions: If a person is unable to make medical decisions for themselves, they may grant someone else a limited power of attorney to make those decisions on their behalf.

05

- Financial matters: An individual may grant a limited power of attorney to someone else to handle their financial affairs during a specific period or for certain transactions.

06

- Legal matters: A person may grant a limited power of attorney to an attorney or legal representative to handle specific legal matters on their behalf.

07

Ultimately, anyone who wants to delegate specific powers to someone else while retaining control over other aspects of their affairs may need a limited power of attorney.

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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 for specific tasks or decisions, typically for a limited time.

Who is required to file limited power of attorney?

Individuals who want to authorize another person to act on their behalf for specific tasks or decisions.

How to fill out limited power of attorney?

To fill out a limited power of attorney, you need to include the specific powers granted, the duration of the authority, and any other necessary details.

What is the purpose of limited power of attorney?

The purpose of a limited power of attorney is to allow someone else to handle specific tasks or decisions on your behalf when you are unable to do so yourself.

What information must be reported on limited power of attorney?

The specific powers granted, the duration of the authority, the names and signatures of all parties involved, and any other relevant details.

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