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The answer is 'it depends'.
Accepting the role of power of attorney carries with it certain responsibilities and liabilities, most of the time, family members are appointed as attorney, and ordinarily it would not make sense for them to be paid. In my experience, no family member who has ever been appointed power of attorney has ever been paid.
Most of the time, is a lay person seeks payment, it is a ruse to cover up abuse of the attorney powers.
Professionals acting as attorney however, be they estate practitioners, solicitors, legal executives or financial advisers should be compensated for their time at the normal rate they would charge for their services.
Be that as it may, it is always a good idea to have one's estate planning including power of attorney set up by a suitably qualified and experienced professional - it is not unlike erecting a building, the importance of the foundation could not possibly be overstated. Part of the duty of the estate professional in setting up the power of attorney would be to describe and enumerate the conditions in which the attorney would act and the amount of remuneration [if any] to which the attorney would be entitled.
In short, the power of attorney's entitlement to payment would only exist if it were set out in the documents appointing the attorney.
What else can I help you with?
Is the power of attorney entitled to a percentage of the estate?
A power of attorney has absolutely nothing to do with an estate. All power of attorneys expire on the death of the grantor.
Can a power of attorney can be given only to an actual attorney?
Anyone can be appointed as a power of attorney. The only requirement is trust and being an adult.
What if you don't want to be a power of attorney?
Then you do not have to be, you can either sign a power of attorney revocation form if you already have authorized a POA form or you can just not sign the POA form if you are being asked to be power of attorney.
How do you get out of being a limited power of attorney if principal is competent but does not want to revoke your attorney in fact?
You can decline to act as attorney-in-fact.
What is the pay of medical power of attorney?
There is no payment normally associated with being a power of attorney. It is normally a relative looking after a loved one.
Does an attorney in fact need a document that gives them that right or can someone just ask?
If attorney "A" has been retained by - being paid by - and representing client "B's" interests, then attorney "A" is cleint B's" attorney-in-fact.
What happens to my credit card debt after I die if I have a power of attorney?
If you have money or property - the bills will be paid. If you don't have any money the bills won't be paid.
Does husband have to pay ex wife child support if his new wife has power of attorney over him?
Giving a power of attorney to someone does not eliminate legal obligations. Yes, child support still needs to be paid.
Do attorney ever lie about medical liens being paid and then keep the money.?
yes, all the time.
Can a power of attorney delegate their authority to another power of attorney?
No, a power of attorney cannot delegate their authority to another power of attorney.
What is the minimum age required, if any, on the form to give someone power of attorney?
The person being given power of attorney must be at least 18 years old.
Can Power of Attorney sign for sale of house?
A power of attorney can do anything that the person who granted it can do. It is usually granted in cases that are not contested. If a question arises about the transaction not being in the best interest of the grantor of the power of attorney a lawsuit or criminal action may occur.
