Can an attorney-in-fact receive payment for their services?

Full question:

Can a person acting as attorney-in-fact legal for someone (i.e., has power of attorney) take payment for services rendered?

Answer:

A power of attorney is a legal document that allows one person, known as the attorney-in-fact, to act on behalf of another person, called the principal. This authority can end at a specified time or by law, such as the death of the principal or the agent. The power of attorney can be general, durable, or limited. Generally, the agent must follow the terms of the power of attorney unless there is a valid reason to doubt their authority. In some cases, a specific power of attorney may be needed for particular transactions. Regarding payment, whether an attorney-in-fact can take payment for their services depends on the terms of the power of attorney and applicable state laws. Users can search for state-specific legal templates at .

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A legal power of attorney typically cannot make decisions regarding the principal's will, change the principal's beneficiary designations, or make decisions about the principal's medical care if the principal is incapacitated, unless specifically granted that authority in the power of attorney document.