An Oregon limited power of attorney is a legal document that a resident can use to assign a representative (an agent/attorney-in-fact) to act and make decisions on their behalf. The power of attorney is limited in that it restricts the agent to a certain task or area in which to operate. For example, a limited power of attorney may grant a stockbroker the ability to manage a stock portfolio for an established period of time. In all cases, it is strongly advised that the principal (the person creating the document) trust the agent fully, and that they clearly define the extent of their representative’s powers in the power of attorney document.
Signing Requirements – Not mentioned in state statutes.