Brendan Burgess
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How much do solicitors usually charge to set up an enduring power of attorney?
Enduring Power of Attorney
- Thread starter Brendan Burgess
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T
The President
Guest
Power of Attorney
Good question.. as a matter of interest, how does it legally differ form a Ward of Court, say for handling the affairs of someone with say, Alzheimer's
Good question.. as a matter of interest, how does it legally differ form a Ward of Court, say for handling the affairs of someone with say, Alzheimer's
G
Guest
Guest
Power of Attorney
> how does it legally differ form a Ward of Court
These OASIS links might be of interest:
Power of attorney:
Wards of court:
> how does it legally differ form a Ward of Court
These OASIS links might be of interest:
Power of attorney:
Wards of court:
M
MOB
Guest
I think that when they first came out, my firm started out by charging circa IR£100 plus V.A.T. for doing an enduring power of attorney - it really didn't pay at this level - there was a lot more work than expected.
These are still relatively uncommon (i.e. no real economies of scale), the paperwork is a bit of a drag and the solicitor is assuming a fairly high level of responsibility for getting it exactly right; so many solicitors are not particularly keen to do this work. For this reason, it's a bit like a builder pricing a job that he doesn't really want - it would not be unusual to be quoted a fairly stiff fee. I think the job probably merits a fee of €450 plus V.A.T., but it wouldn't be unusual to see a solicitor quote double this.
Of course, if it is the solicitors first enduring power of attorney he/she might quote €120/130 plus V.A.T. - a mistake they won't make twice.
These are still relatively uncommon (i.e. no real economies of scale), the paperwork is a bit of a drag and the solicitor is assuming a fairly high level of responsibility for getting it exactly right; so many solicitors are not particularly keen to do this work. For this reason, it's a bit like a builder pricing a job that he doesn't really want - it would not be unusual to be quoted a fairly stiff fee. I think the job probably merits a fee of €450 plus V.A.T., but it wouldn't be unusual to see a solicitor quote double this.
Of course, if it is the solicitors first enduring power of attorney he/she might quote €120/130 plus V.A.T. - a mistake they won't make twice.
Can a General Power of Attorney be set up quickly? My situation is I'll be out of the country when legal docs need to be signed so I was going to transfer
authority (for this transaction only) to a family member.
From reading the Oasis Links it seems to be straightforward.
authority (for this transaction only) to a family member.
From reading the Oasis Links it seems to be straightforward.