A power of attorney is a legal document prepared by a professional in whom an individual (principal) entitles another individual (attorney or an agent) to act on their behalf. According to the document, the agent would be responsible to make mentioned decisions. The word “General power of attorney” refers to the person entitled to act in a certain way. What kind of decisions an agent can take?
One can authorize an attorney or agent to:
How many types of Power of Attorney are there? There are a few different types of POA that include
It highly depends on the professional you’ve hired to prepare your power of attorney. However, generally, it cost between $250-$750 to get your POA prepared by an experienced professional. You can schedule your consultation with a law professional to figure out how much will it cost to hire them. The cost of a power of attorney generally includes:
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