A Delaware limited power of attorney allows a principal to entrust an agent with the authority to perform specific financial tasks on their behalf. The agent’s duties are often limited to one (1) action, such as managing the principal’s bank accounts, paying bills, or signing business documents. A limited power of attorney can also establish a timeframe in which the agent is permitted to act. Depending on the principal’s preferences, they can choose to revoke the document on a specific date or upon the completion of the agent’s assignments. Unlike a durable power of attorney, this document terminates automatically upon the principal’s death or incapacity.
Signing Requirements (§ 49A-105) – One (1) Witnesses and Notary Public