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Maryland Statutory Form Limited Power of Attorney


Maryland Statutory Form Limited Power of Attorney
Maryland Statutory Form Limited Power of Attorney
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 of the authorities listed
below and may give the agent only those limited powers that you specifically indicate. This
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 required to act together
unanimously unless you specify otherwise 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
This section of the form provides for designation of one agent.
If you wish to name coagents, skip this section and use the next section ("Designation of
Coagents").
I, ,
(Name of Principal)
Maryland Statutory Form Limited Power of Attorney
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