Limited Power of Attorney - Maine

LIMITED POWER OF ATTORNEY

MAINE TRANSACTION-SPECIFIC DURABLE FORM

Before you use this: Complete the transaction, acts, property, amount limit, and end date before signing. Maine requires acknowledgment and the notices printed below for a durable POA. The statutory notices describe broad possible powers; this instrument grants only the powers written in Section 2. For a land transaction, coordinate the acknowledged POA and deed with the county registry.

1. Principal and agent

I, [PRINCIPAL FULL LEGAL NAME], of [ADDRESS], appoint [AGENT FULL LEGAL NAME], of [ADDRESS], as my agent solely for the purpose and acts stated below.

2. Limited grant

Single transaction or purpose: [DESCRIBE PRECISELY AND IDENTIFY COUNTERPARTY]

Acts my agent may perform and documents the agent may sign: [ENUMERATE EACH ACT AND DOCUMENT]

Property or account: [IDENTIFY; FOR LAND, ATTACH LEGAL DESCRIPTION / NONE]

Maximum payment, receipt, or commitment: $[AMOUNT / NONE]

Other conditions: [DETAIL / NONE]

My agent may obtain records and communicate with the named counterparty only as needed to carry out the listed acts. An unfilled act or property description grants no authority. No general authority over my other property or affairs is granted.

3. Powers withheld

My agent may not make gifts; create, change, or revoke a trust, survivorship right, beneficiary designation, or transfer-on-death deed; delegate authority; waive a joint-and-survivor annuity right; exercise my fiduciary powers; disclaim property; access the content of my electronic communications under fiduciary access law; transfer property to the agent or for the agent's benefit; make health-care decisions; or execute a will or codicil. None of the exceptional powers in 18-C M.R.S. § 5-931(1) is granted.

4. Effect, durability, and end

This power takes effect when executed. It is durable and is not terminated by my later incapacity.

My agent's authority ends when the stated purpose is accomplished and, in any event, no later than [DATE AND TIME, INCLUDING TIME ZONE]. It ends sooner upon my death, revocation, or another applicable statutory event. I expressly revoke this earlier instrument, if any: [IDENTIFY / NONE].

5. Agent's duties

My agent must act within this limited grant, in good faith, in accord with my reasonable expectations if known or otherwise as a fiduciary under Maine law, and must keep records of receipts, disbursements, and transactions. This instrument does not waive mandatory duties under 18-C M.R.S. § 5-914(1).

6. Principal's signature and acknowledgment

I sign this limited power of attorney voluntarily on [DATE].

Principal's signature: ____________________________________

Printed name: [PRINCIPAL FULL LEGAL NAME]

Acknowledgment

State of Maine, County of [COUNTY].

On [DATE], [PRINCIPAL FULL LEGAL NAME] personally appeared before me, proved identity to my satisfaction, and acknowledged signing this instrument voluntarily for its stated purposes.

Signature of notary public or other authorized officer: ______________________________

Printed name and title: [NAME AND TITLE]

Official seal, if applicable: [SEAL]

Commission expires, if applicable: [DATE]

7. Notice to the Principal

As the "Principal" you are using this power of attorney to grant power to another person (called the Agent) to make decisions about your property and to use your property on your behalf. Under this power of attorney you give your Agent broad and sweeping powers to sell or otherwise dispose of your property without notice to you. Under this document your Agent will continue to have these powers after you become incapacitated. The powers that you give your Agent are explained more fully in the Maine Uniform Power of Attorney Act, Maine Revised Statutes, Title 18-C, Article 5, Part 9. You have the right to revoke this power of attorney at any time as long as you are not incapacitated. If there is anything about this power of attorney that you do not understand, you should ask an attorney to explain it to you.

8. Notice to the Agent

As the "Agent" you are given power under this power of attorney to make decisions about the property belonging to the Principal and to dispose of the Principal's property on the Principal's behalf in accordance with the terms of this power of attorney. This power of attorney is valid only if the Principal is of sound mind when the Principal signs it. When you accept the authority granted under this power of attorney, a special legal relationship is created between you and the Principal. This relationship imposes upon you legal duties that continue until you resign or the power of attorney is terminated or revoked. The duties are more fully explained in the Maine Uniform Power of Attorney Act, Maine Revised Statutes, Title 18-C, Article 5, Part 9 and Title 18-B, sections 802 to 807 and Title 18-B, chapter 9. As the Agent, you are generally not entitled to use the Principal's property for your own benefit or to make gifts to yourself or others unless the power of attorney gives you such authority. If you violate your duty under this power of attorney, you may be liable for damages and may be subject to criminal prosecution. You must stop acting on behalf of the Principal if you learn of any event that terminates this power of attorney or your authority under this power of attorney. Events of termination are more fully explained in the Maine Uniform Power of Attorney Act and include, but are not limited to, revocation of your authority or of the power of attorney by the Principal, the death of the Principal or the commencement of divorce proceedings between you and the Principal. If there is anything about this power of attorney or your duties under it that you do not understand, you should ask an attorney to explain it to you.

9. Agent's receipt (optional)

I acknowledge receipt of this instrument and agree to act only within its limits.

Agent's signature: ____________________________________ Date: [DATE]

10. Land-recording instruction

If the agent will sign a deed, arrange to record the acknowledged deed in the registry for the county where the land lies. Confirm the registry's requirements for submitting this POA with the deed. Maine's 33 M.R.S. §§ 201 and 203 govern the deed's recording priority and acknowledgment of recordable instruments.