A Video FAQ with Joshua A. Diveley.
The purpose of a power of attorney in general is to provide an agent authority to act on your behalf, so the difference between the general and the limited is that the general provides all the statutory authority allowed by law. For example, in Nebraska the general power of attorney will provide all kinds of authority for matters related to real estate, financial accounts and tangible personal property.
A limited power of attorney will be just that. It will be limited on what authority you do have to act as agent. For example, if you are out of town for a weekend and you are selling your house and you need to have somebody to represent you at closing, you can set up a limited power of attorney to just represent you on that one transaction rather than having general authority over all your bank accounts and that sort of thing.
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