The Statutory Form Limited Power of Attorney in Maryland is a legal document used to grant someone the authority to act on your behalf for specific matters, such as managing your finances or making healthcare decisions.
In Maryland, the person filing the statutory form limited power of attorney is the individual who is granting the power of attorney, known as the "principal."
Q: What is a Statutory Form Limited Power of Attorney?
A: A Statutory Form Limited Power of Attorney is a legal document that grants someone the authority to act on your behalf for specific tasks or decisions.
Q: What can the agent do under a Statutory Form Limited Power of Attorney?
A: The agent can perform tasks or make decisions in accordance with the powers specifically listed in the document.
Q: Can a Statutory Form Limited Power of Attorney be revoked?
A: Yes, a Statutory Form Limited Power of Attorney can be revoked at any time by the principal (the person granting the power).
Q: What happens if the principal becomes incapacitated?
A: In Maryland, a Statutory Form Limited Power of Attorney is automatically terminated if the principal becomes incapacitated.
Q: Do I need a lawyer to create a Statutory Form Limited Power of Attorney?
A: No, you can create a Statutory Form Limited Power of Attorney using the form provided by the state of Maryland. However, it's always a good idea to consult with a lawyer if you have any questions or need legal advice.