Which type of Power of Attorney is also referred to as limited POA?

A Special Power of Attorney is specifically designed to grant authority for a limited purpose or for a specified time frame, which distinguishes it from a General Power of Attorney that provides broader authority over various matters. In many contexts, a Special POA may be used for particular transactions, such as signing a document or managing a specific asset, without granting comprehensive powers over all financial or legal decisions. This limited scope is what justifies the term "limited Power of Attorney."

Understanding the distinction between the types of Power of Attorney is essential, as it affects the level of authority granted and defines the responsibilities of the agent. In contrast, the other types, such as General, Immediate, and Enduring POAs, involve more extensive powers or different functionalities that do not align with the concept of limited authority.