A Limited Power of Attorney under UK law is a legal template that authorizes an individual, known as the attorney-in-fact, to act on behalf of another person, known as the grantor, in specific and designated matters.
This legal document grants the attorney-in-fact with limited authority to make essential decisions or carry out specific actions on behalf of the grantor, while outlining the scope and limitations of their power.
The Limited Power of Attorney template highlights the specific areas or transactions in which the attorney-in-fact is permitted to act, such as property transactions, financial matters, medical decisions, or business negotiations. It also specifies the duration or conditions that apply to the power granted and whether it is effective immediately or upon a specific event or date.
By using this template, individuals can establish a legal framework that allows someone they trust to handle specific matters on their behalf, ensuring that their interests are protected and managed carefully within the boundaries defined by the Limited Power of Attorney document.