Statutory Form Limited Power of Attorney Template - Maryland

MARYLAND STATUTORY FORM LIMITED POWER OF ATTORNEY
PLEASE READ CAREFULLY
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 check the boxes
that identify the specific authorization you choose to give your agent.
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 coagent in the Special Instructions. Coagents 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 named 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.
If you have questions about the power of attorney or the authority you are
granting to your agent, you should seek legal advice before signing this form.
DESIGNATION OF AGENT
I, ________________ (Name of Principal), name the following person as my agent:
Name of Agent: _______________________
Agent's Address: ______________________
Agent's Telephone Number: ____________________
GRANT OF GENERAL AUTHORITY
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