Elder Law Answers
Can I Make Gifts If I Am an Agent Under a Power of Attorney?
I am an agent under my mom's power of attorney. Do I have the power to gift money in her place?
Read moreHow Much Do I Pay My Agent Under a Power of Attorney?
- June 29th, 2018
Q
I want to appoint my neighbor to be my agent under a power of attorney for health care. I have no idea what people usually pay for someone to be an agent under a power of attorney. What should I pay my neighbor?
A
Typically, people appoint family members and friends to serve as their agents under health care proxies or health care powers of attorney and the people appointed do not charge for their services. This is also true of agents for financial and legal matters under durable powers of attorney. However, sometimes clients appoint professionals, such as attorneys and accountants, to serve under durable powers of attorney, in which case they do charge for their time. Such professionals are usually reluctant to take on duties as personal and potentially time consuming as serving as health care agent, so there isn’t a tradition of paying for these services. The result is that it’s really between you and your neighbor. You might agree on an hourly rate or even something that seems less like employment, such as offering to make a donation to your neighbor’s favorite charity or house of worship.
For more information about health care decisions, click here.
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