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This document serves as a limited power of attorney wherein the client appoints an attorney to manage specific trading-related tasks on behalf of the client with IG Limited. The powers granted include entering transactions, managing account preferences, transferring funds within IG Limited accounts, and handling any communications related to complaints or disputes with the firm. The document establishes the terms of authority, responsibilities, and liabilities of both the client and the...

How to fill out limited power of attorney

How to fill out limited power of attorney

1. Obtain a limited power of attorney form from a legal resource or online.
2. Clearly state the principal's name (the person granting power) and the agent's name (the person receiving power).
3. Specify the limited powers being granted, detailing specific actions the agent can perform.
4. Include the duration of the power of attorney, indicating whether it's effective immediately or under specific conditions.
5. Ensure that the principal signs and dates the document in front of a notary public or witnesses, as required by state law.
6. Distribute copies to relevant parties and keep the original in a safe place.

Who needs limited power of attorney?

1. Individuals who want to delegate specific legal or financial responsibilities to someone else while retaining control over their affairs.
2. Those who are temporarily unavailable to manage their own affairs, such as during travel or illness.
3. People needing assistance in handling certain transactions without granting full power of attorney.

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What is limited power of attorney?

A limited power of attorney is a legal document that grants an individual specific authority to act on behalf of another person in particular matters, such as financial transactions or property management.

Who is required to file limited power of attorney?

Typically, individuals who wish to delegate specific powers to another party, such as a family member or trusted advisor, are required to file a limited power of attorney.

How to fill out limited power of attorney?

To fill out a limited power of attorney, the principal must complete the designated form by providing information about themselves, the agent, the powers granted, and any limitations or expiration dates.

What is the purpose of limited power of attorney?

The purpose of limited power of attorney is to allow someone to manage specific tasks or decisions on behalf of the principal, ensuring that those duties can be handled even when the principal is unavailable.

What information must be reported on limited power of attorney?

The information that must be reported includes the names and addresses of the principal and agent, a description of the specific powers granted, and any applicable limitations or expiration details.