collecting fee for POA

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Icon Mini Profile janetm1946




Joined: 02 Nov 2009

Posts: 1

1.23 Dollars($)
PostPosted: Mon Nov 02, 2009 9:49 am    Post subject: collecting fee for POA

as a poa for my mother can I get paid
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 3852
Location: ALASKA
120.89 Dollars($)
PostPosted: Tue Nov 03, 2009 12:19 am    Post subject:

Welcome janetm,

I don't think there is any rule stating that the POA agent would get paid. Also, it would depend upon the relation of the agent with the grantor and the duties involved. In normal family matters, the duties of attorney-in-fact are simple. So, no payment is provided. If the attorney-in-fact has to run a business or take care of complicated financial affairs, then the grantor can make payment to the POA. However, if payment is desired, then it should be mentioned in the power of attorney document.

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