Power Of Attorney Add Value Choice
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Is a power of attorney entitled to compensation?
Unless your power of attorney form specifically prohibits compensation, agents under a power of attorney are generally entitled to "reasonable" compensation. What is considered reasonable is going to depend on your duties and the area you live in.
Can you be paid to be power of attorney?
The power of attorney or state law may say that you can be paid for acting as agent. If you will be paid, be sure you charge a reasonable fee.
Do you get paid to be a power of attorney?
Regardless of which type of power of attorney you give someone, they are not generally paid to be your agent.
What is the fee for power of attorney?
It depends on the attorney. Web-based attorneys will usually charge much less than attorneys with a physical brick and mortar office. This price can range from $50 for each document to $200 for each document...
Can a power of attorney take money for personal use?
Because the agent can use the Power of Attorney to access your bank account and sell your property, do not give your Power of Attorney to anyone you do not trust with your money or property. It can be very difficult to get back money or property taken by the agent, because the agent usually has no money left to return.
Are you liable if you are power of attorney?
Agent Not Liable Although a financial POA gives you control over the finances of the principal, you do not become personally liable for debts incurred by the principal. This means that even if nursing home bills exceed the principal's ability to pay, you do not have to use your assets to cover the outstanding balance.
What is the going rate for power of attorney?
I most commonly see hourly rates for family members acting as Agent in the $20.00 to $40.00 range. Typically, a son or daughter will be the person acting as Agent under a power of attorney document on behalf of their parents.
What is the average price for a power of attorney?
It depends on the attorney. Web-based attorneys will usually charge much less than attorneys with a physical brick and mortar office. This price can range from $50 for each document to $200 for each document...
Can I pay myself for being power of attorney?
Don't pay yourself for the time you spend acting as Martina's agent, unless the power of attorney or state law allows it. If you are allowed to pay yourself, you need to show that your fee is reasonable.
What does a power of attorney cover?
When you complete the legal documents called power of attorney, you give another person authority to handle your personal business and make decisions on your behalf. A person creates the power of attorney for use when he is incapacitated or otherwise unable to handle his own affairs.
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