Power Of Attorney
A power of attorney (POA) is a written authorization to represent or act on another’s behalf in financial affairs or some other legal matter. The person authorizing the other to act is the principal. The one authorized to act is the agent or attorney-in-fact.
We prepare and notarize powers of attorney for clients.
There are two types:
1) Those effective immediately;
2) Those effective upon the principal’s incapacity.
The more common is the latter, known as a “springing” power of attorney.
What is a durable POA?
The word durable indicates that it survives the principal’s incapacity.
What does a POA cost?
At our firm, a POA is included in the estate plan package. However, if the client needs a POA only, we would charge $375 to create and notarize a springing durable power of attorney that is modeled on the California statute.