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JB Umphrey
JB Umphrey, Attorney
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Experience:  Explains legal matters based on 14+ years experience.
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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: 5 years ago.
Category: Legal
Expert:  JB Umphrey replied 5 years ago.
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How many transactions are being handled during that time? What is the person actually doing?
Customer: replied 5 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 5 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.

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