Maryland Statutory Limited Power of Attorney Form

Instructions for Completion and Use of the Maryland Limited Power of Attorney Form.
Federal Title & Escrow Company discourages the use of a Power of Attorney. However, in those instances when an individual
cannot be physically present at closing or is inaccessible via overnight delivery or e-mail transmission, for the purpose of
self-executing the required closing documents, a Power of Attorney may be appropriate.
This Power of Attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal).
You need not give to your agent all the authorities listed below and may give the agent only those limited powers that you
specifically indicate. This Power of Attorney gives your agent the right to make limited decisions for you. You should very
carefully weigh your decision as to what powers you give your agent. Your agent will be able to make decisions and act with
respect to your property (including your money) whether or not you are able to act for yourself.
If you choose to make a grant of limited authority, you should initial the boxes that identify the specific authorization you choose
to give to your agent. However, for most transactions, simply initial the ‘All of the Above’ box on page 2 of the document.
This Power of Attorney does not authorize the agent to make health care decisions for you.
You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent’s authority will
continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you.
Your agent is not entitled to compensation unless you indicate otherwise in the special instructions of this power of attorney. If
you indicate that your agent is to receive compensation, your agent is entitled to reasonable compensation or compensation as
specified in the Special Instructions.
This form provides for designation of one agent. If you wish to name more than one agent, you may name a co-agent in the
Special Instructions. Co-agents are not required to act together unless you include that requirement in the Special Instructions.
If your agent is unavailable or unwilling to act for you, your Power of Attorney will end unless you have name a successor agent.
You may also name a second successor agent.
This Power of Attorney becomes effective immediately unless you state otherwise in the Special Instructions.
For more information on using a Power of Attorney, please refer to the article Power of Attorney Pitfalls.
VERY IMPORTANT: Neither Trustee(s) nor Personal Representative(s)/Executor(s) can delegate authority through a Power of
Attorney.
The attached form is acceptable for all real estate transactions in MD. Please carefully follow the instructions below to avoid a
closing delay.
Immediately notify your mortgage lender and Federal Title & Escrow Company should you intend to utilize the Power of
Attorney.
All fields must be completed legibly.
The form must be executed by the individual granting (“Grantor”) the Power of Attorney authority in the presence of a Notary
Public. The form MUST be witnessed by two (2) individuals; one of whom may also act as the Notary Public.
The executed and notarized original document, accompanied by a copy of the Grantor’s driver’s license or other government
issued identification, must be delivered to Federal Title & Escrow Company at least five (5) business days prior to the date of
closing.
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Maryland Statutory Limited Power of Attorney Form PDF

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