Table of Contents
- What is Power of Attorney?
- Cost of Power of Attorney
- Documents Required in California
- Documents Required in Massachusetts
- Is it Worth Being Power of Attorney?
What is Power of Attorney?
Power of Attorney (POA) is a legal document that allows someone to act as a legal representative on behalf of another person. This person is given the authority to make decisions, sign documents, and generally act on the behalf of the person granting the power of attorney. It is important to note that POA does not give the appointed representative complete control over the person’s affairs, but rather allows them to act on their behalf in specific situations.
Cost of Power of Attorney
The cost of obtaining power of attorney varies widely depending on the state, the situation, and the attorney. In California, the cost of power of attorney is typically between $250 and $1,000. In Massachusetts, the cost varies between $150 and $350.
Documents Required in California
In California, the documents required to obtain power of attorney are a notarized power of attorney form and a Certificate of Acknowledgement. The power of attorney form must be signed and dated by the principal and the agent, and the Certificate of Acknowledgement must be signed and dated by a notary public.
Documents Required in Massachusetts
In Massachusetts, the documents required to obtain power of attorney are a notarized power of attorney form, and a Certificate of Acknowledgement. The power of attorney form must be signed and dated by the principal and the agent, and the Certificate of Acknowledgement must also be signed and dated by a notary public.
Is it Worth Being Power of Attorney?
Being power of attorney can be a rewarding experience. Serving as a representative for someone else can be a great way to give back to the community. In some cases, being power of attorney can also help protect the rights of the person granting power of attorney. That said, it is important to remember that power of attorney is a responsibility and should be taken seriously. It is important to understand the legal implications of power of attorney and be sure that you are comfortable with the duties and responsibilities before taking on the role.
1 thought on “The Cost of Granting Power of Attorney”
Granting power of attorney is too costly. It should be avoided where possible!