Maryland Limited Power of Attorney Form
A Maryland Limited Power of Attorney is a form that gives an entity (the “Agent”) the authority to act on behalf of another person (the “Principal”). The Agent must follow the guidelines stated in the “Special Instructions” section. By signing, they are binding themselves to the agreed-upon tasks. If duties are not carried out as stated or there is an abuse of power, the LPOA can be revoked and the Agent will be responsible for any damages caused by their actions.
What Does “Limited Power” Mean
Unlike a limited power of attorney (LPOA), a durable power of attorney form grants an Agent power indefinitely, even if the Principal passes away or becomes incapacitated. Since an LPOA is only valid during a specific time frame or while the Agent is completing the assigned tasks, it is considered limited (§ 17-112).
However, all power of attorney forms can be void at any time, as long as the Principal completes a revocation form. In any situation where power is granted to another person, it is important to make sure that they are reliable and will carry out the given task to the best of their ability.
Signing requirements (§ 17-110) – Notarized and signed by two (2) witnesses.