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Eldercare
Reply to "How to set up Power of Attorney for elderly mom?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The thing about durable POA’s for business affairs, health care powers and especially wills, is that (1) they are difficult or even impossible to fix if screwed up; and (2) one typically only finds out about the screw up after it is too late to fix. But DCUM responds to questions such as OP’s with the constant refrain of “you don’t need a lawyer.” Why the self-defeating stinginess? Find somebody associated with the National Academy of Elder Law Attorneys (NAELA), pay the modest fee and know it’s done right and that if it proves not to be you at least have the lawyer’s malpractice carrier as a backstop. [/quote] OP here, thanks PPs for sharing so much information! So it sounds like I could use the legal websites but it also sounds like it might better to hire a lawyer to ensure it's done right. Can anyone share how much a lawyer would cost to do this? I see that PP above stated it's better to "pay the modest fee", I'm curious what "modest fee" means when dealing with legal matters? Thanks![/quote] It really depends on how complicated the will and other documents are. If your mom has a bank account, a car, and a retirement account, I'd figure in the $1000-$2000 range. Less if she lives in a cheaper part of the country; on the higher end in an expensive city. If she is setting up trusts for minor grandchildren, owns real estate or a business, etc. it could be more expensive.[/quote] Thank you PP for this information! - OP[/quote]
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