|
Yes, if the principal has agreed to pay the attorney-in-fact. In general, the attorney-in-fact is entitled to "reasonable" compensation for his or her services. However, in most cases, the attorney-in-fact is a family member and does not expect to be paid. If an attorney-in-fact would like to be paid, it is best that he or she discuss this with the principal, agree on a reasonable rate of payment, and put that agreement in writing. That is the only way to avoid misunderstandings in the future.
more
|
Can the attorney-in-fact be compensated for his or her work?
Related Questions
- This depends on the wording of the power of attorney and on the laws of the state in question. Some state ...
- Certainly. The principal may revoke the power of attorney at any time. All he or she needs to do is send the ...
- The attorney-in-fact should review the Power of Attorney document carefully to determine what authority the ...
- A third party is authorized by Florida law to require the attorney-in-fact to sign an affidavit (a sworn or ...
- The authority of the attorney-in-fact of a Durable Power of Attorney automatically ends when one of three ...