Philadelphia Pennsylvania Limited Power of Attorney is a legal document that grants specific powers and authority from one individual, known as the principal, to another individual, known as the agent or attorney-in-fact. This legal arrangement allows the agent to act on behalf of the principal in various designated matters. There are different types of Philadelphia Pennsylvania Limited Power of Attorney documents that specify powers based on the specific needs and preferences of the principal. Some of these types include: 1. Financial Limited Power of Attorney: This type of limited power of attorney grants the agent powers and authority over the principal's financial matters. These powers may include the ability to manage bank accounts, pay bills, collect debts, and make financial decisions on behalf of the principal. Sample powers included in a financial limited power of attorney may be authorizing the agent to access and manage the principal's bank accounts, sell or purchase assets, pay debts, and file tax returns. 2. Real Estate Limited Power of Attorney: This type of limited power of attorney focuses specifically on granting the agent the authority to handle real estate-related matters on behalf of the principal. Sample powers included in a real estate limited power of attorney may involve the ability to buy or sell property, sign contracts, manage rental properties, and deal with property-related legal issues. 3. Health Care Limited Power of Attorney: This type of limited power of attorney empowers the agent to make medical decisions for the principal if they become unable to do so themselves. Sample powers included in a health care limited power of attorney may include the ability to choose medical treatments, make end-of-life decisions, access medical records, and communicate with healthcare professionals on behalf of the principal. 4. Vehicle Limited Power of Attorney: This type of limited power of attorney bestows the agent with powers to handle matters related to the principal's vehicle(s). Sample powers included in a vehicle limited power of attorney may involve the authority to transfer vehicle ownership, register, or deregister vehicles, sign documents related to the vehicle(s), and deal with insurance claims or repairs. It's crucial to understand that each limited power of attorney document is unique, and the powers granted can be adjusted and tailored to the principal's specific requirements. It is recommended to consult with a lawyer or legal professional to ensure that the document accurately reflects the principal's intentions and complies with the relevant laws and regulations in Philadelphia, Pennsylvania.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.