POWER OF ATTORNEY
POWER OF ATTORNEY: $150
WHAT IS A POWER OF ATTORNEY (aka Financial POA)?
A Power of Attorney (“POA”) allows you (the “Principal”) to allow a third party (the “Agent”) to sign certain financial documents or conduct certain transactions on your behalf.
WHAT IS A POWER OF ATTORNEY USED FOR?
A POA can be used to conduct any financial transaction, including insurance, banking, real estate, etc. The POA can be limited to certain transactions or unlimited in scope.
HOW MUCH IS A POWER OF ATTORNEY?
We charge $150 for an individual Power of Attorney and $250 for married couples.
WHAT IS A "DURABLE" POWER OF ATTORNEY?
The word "durable" in a power of attorney simply means the power of attorney remains valid if the principal becomes incapacitated. This allows your agent to conduct financial business on your behalf if you are unable to. Recent changes in South Carolina law make all powers of attorney signed after a certain date automatically durable unless the document explicitly states otherwise.
POWER OF ATTORNEY VS HEALTH CARE PROXY
While both documents include a principal and agent, each serve different purposes. A POA allows an agent to conduct financial business on behalf of the Principal. A Healthcare Proxy allows an agent to make health care decisions on behalf of the Principal when the Principal cannot make those decisions him or herself.
Contact the Carr Law Firm, LLC
If you would like a free consultation, please contact us or call (843) 619-2222.
201 Sigma Drive
Summerville, SC 29486
1156 Bowman Road
Mt. Pleasant, SC 29464
6650 Rivers Avenue
North Charleston, SC 29406
*Principal office **By appointment
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