Is a Power of Attorney Still Valid After the Principal Passes Away?
My father-in-law passed away unexpectedly, and my mother-in-law has dementia and is in a nursing home. My husband has a du...Read more
A power of attorney is one of the most important estate planning documents you can have. There are many do-it-yourself power of attorney forms available — most states have the form online. However, it is a good idea to have an attorney draft the form for you. There are many issues to consider and one size does not fit all.
The cost of a power of attorney will vary, depending on the lawyer. Many lawyers charge a flat fee to prepare estate planning documents, which includes a power of attorney.
Although hiring an attorney to draft a power of attorney costs more than doing it yourself, an improperly drafted power of attorney can end up costing a lot more in aggravation and attorney's fees down the line.
For more about the dangers of using a do-it-yourself power of attorney form, click here.
For more about durable powers of attorney, click here and here