How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JB Umphrey Your Own Question
JB Umphrey
JB Umphrey, Attorney
Category: Legal
Satisfied Customers: 20233
Experience:  Explains legal matters based on 14+ years experience.
Type Your Legal Question Here...
JB Umphrey is online now
A new question is answered every 9 seconds

what is a reasonable fees that an agent handling power of attorney

Resolved Question:

what is a reasonable fees that an agent handling power of attorney would normally be given in the USA on an yearly basis, if let us say amount being handled is around 300,000.
Submitted: 4 years ago.
Category: Legal
Expert:  JB Umphrey replied 4 years ago.
Thank you for using JustAnswer!

How many transactions are being handled during that time? What is the person actually doing?
Customer: replied 4 years ago. is a hypothetical question, the person is handling money for her aunt who lives in an assisted living facility.
Expert:  JB Umphrey replied 4 years ago.
Most family members do it for free. If they incur any out-of-pocket expenses (e.g., postage, etc.) they are reimbursed for those. However, they do not assume the role of power of attorney to earn an income from it.

The power of attorney document itself must list if the power of attorney is going to be compensated and, if so, how. If the document is silent on the matter, then the person is not getting paid for their role.

It has been my pleasure to assist you today with your information needs. If you have a follow-up question, please reply and ask it.

If you are satisfied that your question has been answered, kindly select the ACCEPT button to close this thread and so that I receive credit for assisting you today.
JB Umphrey and 10 other Legal Specialists are ready to help you

Related Legal Questions