Updated on October 27th, 2021
A Minnesota limited power of attorney form is used to appoint an agent to act as the temporary representative of an individual (the “principal”) for a specific purpose. The agent will be given the authority to execute legal documents in the principal’s name regarding the matters listed in the document. The agent’s authority will expire once the purpose of the contract has been fulfilled, the contract’s expiration date is reached, or the principal executes a revocation.
Limited powers of attorney are often used for situations in which the principal cannot be present to sign a legal document and must give another party the right to do so on their behalf. The form is also useful for assigning temporary financial agents to make investments, manage accounts, make payments, and transfer funds.
Signing Requirements (§ 523.01) – Notary Public