Which classification of Power of Attorney is specifically limited in its powers?

The classification of Power of Attorney that is specifically limited in its powers is the Special Power of Attorney. This type of authority grants the agent permission to act on behalf of the principal only for specific tasks or within a defined scope. For instance, it could be designated for a particular transaction, such as selling a piece of property or managing a bank account, and only grants the agent the power to carry out that particular duty.

The reason this designation is critical is that it allows the principal to maintain control over their affairs while delegating only certain actions to the agent. This is in contrast to broader classifications such as General Power of Attorney, which may give the agent comprehensive authority to act on behalf of the principal in a variety of matters, and Enduring Power of Attorney, which remains effective even if the principal loses mental capacity. Immediate Power of Attorney is typically used to grant authority that takes effect immediately, without limitations on the scope of powers, distinguishing it from the specificity of a Special Power of Attorney.