Limited Power of Attorney (Property) (Minnesota)

The Limited Power of Attorney (Property) (Minnesota) is a legal document that grants a person (the "agent" or "attorney-in-fact") the authority to handle specific property-related matters on behalf of another individual (the "principal"). This template outlines the terms and conditions under which the agent can act and make decisions related to the principal's property, subject to certain limitations and restrictions set by the principal. It establishes the scope of the agent's powers, which may include but are not limited to managing real estate, buying or selling property, signing contracts or leases, accessing financial accounts, making investment decisions, and handling other property-related transactions. This legal template ensures that the agent is acting in the principal's best interests and within the boundaries outlined by the principal. It provides a clear framework to protect the principal's property rights while allowing the agent to handle necessary tasks when the principal is unavailable, incapacitated, or unable to personally attend to property matters.