Mar 22, 2015 · No one has any right to make decisions to pay a salary to the POA except your mother. Jessie and Chicago are right - check the document, If it does not specify that a salary of a certain amount is to be paid to the POA, then, basically, and I hate too say this, the POA is stealing from your mother's estate.
May 04, 2010 · A consumer could probably expect to pay a lawyer less than $200 for a POA in most cities. Many also offer reasonably priced estate planning packages that include a financial power of attorney, a medical power of attorney, a living will and a last will and testament.
Dec 27, 2015 · What did we all get? Bills to audit household spending by the conservator that charged $125.00 an hour, a guardian that charged $100.00 an hour, to say nothing of attorney's fees. Attorney for the conservator, attorney for the guardian, attorney for the DPOA, all of which were paid by my mom. Very expensive and what was revealed?
Mar 22, 2015 · That is all. No one has any right to make decisions to pay a salary to the POA except your mother. Jessie and Chicago are right - check the document, If it does not specify that a salary of a certain amount is to be paid to the POA, then, basically, and I hate too say this, the POA is stealing from your mother's estate.
Attorneys can even make payments to themselves. However, as with all other payments they must be in the best interests of the donor. This can be difficult to determine and may cause a conflict of interests between the interests of an Attorney and the best interests of their donor.
Currently, the prescribed fee scale is as follows: 3% on capital and income receipts; 3% on capital and income disbursements; and three fifths (3/5ths) of 1% of the annual average value of the assets, as a care and management fee (although this last fee has been determined to be an extra fee, and is only included as ...
How much does a POA make in California? While ZipRecruiter is seeing salaries as high as $102,734 and as low as $10,814, the majority of POA salaries currently range between $35,391 (25th percentile) to $93,886 (75th percentile) with top earners (90th percentile) making $100,276 annually in California.
The legal fees of a power of attorney in Ontario are usually calculated based on the document you want to authorize to a lawyer. The price can range anywhere from $100 to $300 per document.
The Act stipulates that a gift or loan to a friend or relative, or a charitable gift, not be made if the incapable individual expresses a wish to the contrary. Give this some thought before executing your Power of Attorney.
Do I need a lawyer to prepare a Power of Attorney? There is no legal requirement that a Power of Attorney be prepared or reviewed by a lawyer. However, if you are going to give important powers to an agent, it is wise to get individual legal advice before signing a complicated form.
Unless the PoA excludes compensation, an attorney for property is generally entitled to compensation at the following rates: - 3% of income and capital receipts - 3% of income and capital disbursements - 0.6% per year of assets under management.
Our attorney told me to spend all of my dad's bonds and life insurance money on our house. Does anyone know what things we cannot buy?
I'm afraid my sister is trying to steal all of my mom’s money by being on joint accounts with her. What can I do to protect my mom?
If you have Power of Attorney for your parent are you responsible for their debt when they're gone?
I say "may" because it depends what state your father lives in. If he's in a state that has adopted the Uniform Power of Attorney Act, that is helpful, because the Act allows reimbursement. Again, call an attorney. It should be a very quick conversation. One final point.
It is entirely ethical to claim out of pocket expenses incurred on behalf of the person for whom you have POA if those expenses were incurred solely for his benefit. Unfortunately, since you are carrying out the POA role without actually having POA, it's trickier to see how you would go about it.