An Indiana limited power of attorney is a form that allows someone (the “principal”) to choose a representative (the “agent”) and grant them limited authority to act on their behalf. The agent’s ability to serve the principal is restricted by the stipulations established in the document. For instance, a limited power of attorney may allow the agent to deposit the principal’s checks while they’re away on vacation. The form typically terminates after the agent fulfills their obligations or when a predetermined expiration is reached. In every case, the form immediately terminates if the principal dies or loses their ability to make decisions.
Signing Requirements (IC 30-5-4-1) – Notary Public