A Massachusetts limited power of attorney is a form that an individual can use to assign specific and limited powers to a representative. Generally speaking, this type of power of attorney enables the control over a particular aspect of the principal’s finances, such as managing their investment portfolio on their behalf.
Executing a power of attorney enables the selected agent to act and make decisions with the principal’s best interests in mind, and with the same authority as if the principal were doing it themselves. Even if the scope of authority is narrow as is often the case with a limited power of attorney, the person creating the document should still make sure that they trust their representative completely before executing the form.
Signing Requirements – Not mentioned in state statutes.