Alaska Limited (Special) Power of Attorney Form
An Alaska Limited (Special) Power of Attorney is a form that enables a person known as the “principal” to assign specific authority to another individual, known as the “agent”, for a short period or until the task(s) have been completed. The principal will need to enter the date the document goes into effect, which can be the date of completing the form, or a specific date in the future. Once put into effect, the contract can be revoked anytime. Should the principal become incapacitated, the POA will terminate automatically.
It is very important the principal ensure their agent has a clear understanding of the duties they are legally required to uphold. According to § 13.26.610, it’s essential that 1) the agent does not exceed the powers granted to them, 2) the agent keeps a record of every transaction that was made in the name (or on behalf of) the principal, and 3) the agent is to act in the principal’s best interest at all times.
Signing Requirements (AS 13.26.600): Principal must sign in view of a Notary Public.