Power Of Attorney

A Power Of Attorney allows you to appoint another person as your Attorney-in-fact to act for you in your absence. Their authority can be as broad or specific as you choose. You might appoint an Attorney-in-fact to only handle investment properties, or to only manage a trust, or to only act for you in your business, or to handle everything. Our POAs start at $40 and increase based on the specific privileges and authorities you choose for your Attorney-in-fact up to a maximum of $80. Don't let the title Attorney-in-fact throw you. You can appoint anyone provided they're over 18 years of age. You can also rescind a Power Of Attorney at any time with nothing but a written statement.

Conditions Of Privilege determine parts of your relationship with the Attorney-in-fact beyond the usual boiler plate authority. Attorney-in-fact is typically an unpaid position, with the exception of any out of pocket expenses being reimbursed. Financial incentives can create an opportunity to challenge the objectivity of the Attorney-in-fact and therefor the Power Of Attorney, so it's good to be specific about what's ok with you to avoid any suspicion of abuse of power. Some of these items give your appointee certain privileges that may allow them more control or to earn money from this responsibility with your permission, and therefor without necessarily calling objectivity into question or creating a compensated agreement. These are at your discretion. You should select which ones you'd like to be included in your Power Of Attorney, if any, based on your relationship with the person.

My Attorney-in-fact:

Specific Authority is where you choose the areas in which your Attorney-in-fact can act for you. If you want someone to have blanket authority over all your affairs, you'd select everything. If you only want someone to be responsible for managing your retirement funds, you might choose Government Benefit Transactions, Retirement Benefit Transactions, and Estate Transactions (if all are applicable).

As a point of clarification, Estate Transactions refers to estates and trusts where you are receiving a payment from those estates or trusts. Living Trust Transactions refer to estates and trusts which you have set up yourself.