The Real Estate Encyclopedia
Do I Need A Lawyer To Prepare A Power Of Attorney?
Category - Home Selling Questions - Selling Legal & Closing FAQ's

Although you are not required to hire a lawyer and many forms can be found on the Internet, because a Power of Attorney is such an important legal instrument, the careful consumer will consult a lawyer who can a) provide legal and other advice about the powers that are appropriate to be delegated; b) provide counsel on the choice of an Attorney-in-Fact (AIF); c) Outline the AIF’s legal and fiduciary obligations while acting under a Power of Attorney; and d) ensure that the Power of Attorney is properly executed and meets all legal requirements. The typical fee for preparing a Power of Attorney is modest but, before engaging a lawyer to prepare a Power of Attorney, the buyer should enquire about the fee, and feel free to get prices from other lawyers and law firms. Some lawyers give free consultations which could be helpful and it is wise to take advantage of such services.


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Home Selling Questions - Selling Legal & Closing FAQ's
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