How Much Does a Power of Attorney Cost?

If you hire an attorney to draft your power of attorney, expect to pay $150 to $300 for that service, including legal advice. You can reduce this expense by starting with a form and hiring an attorney to review it.

Is There Such a Thing as a Free Alaska Power of Attorney Form?

You can find free power of attorney forms online and even cut and paste the form straight from Alaska statutes. However, there is no guarantee that the form is appropriate to your situation. If you execute a power of attorney without attorney review, you may make a mistake that will cost you more in the long run.

Do I Need a Lawyer for a Power of Attorney?

For many people, a power of attorney is a simple form that is easy to complete. However, it is a good idea to consult with an estate planning attorney and make sure it carries the appropriate legal authority. This step can be critical for more complex situations, including business ownership, a greater chance of family conflict, or high-value assets. A law firm can also draft other documents for your estate plan, including a last will and testament, living will, healthcare directive, or trust. It never hurts to call a lawyer and schedule a consultation before you proceed with these forms.

Alaska Power of Attorney Form

If an accident renders you unconscious, or a job or personal matters send you abroad, you'll likely need someone to take care of matters back home. A power of attorney is a legal document that allows you to give someone else legal authority to make decisions about your money, property, health care, or children's care. FindLaw has partnered with US Legal to provide low-cost power of attorney forms that can be completed at your convenience. Use our guided process to customize, print, and sign your legally-valid document, fast! Get started by finding the right form for your needs.

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Power of Attorney Information

Do I Really Need a Power of Attorney?

By Jocelyn Mackie, J.D. | Reviewed by Laura Temme, Esq. | Last updated June 04, 2021

Many people treat a durable power of attorney as a backup plan in case they are incapacitated. If you suffer injuries that render you unconscious or mentally incompetent, you need someone to carry on your daily business. A power of attorney allows you to appoint that individual to make decisions on your behalf.

If you do not have a power of attorney under these circumstances, your loved ones may need to file a court proceeding called a conservatorship. This process places your property into a court trust and appoints a conservator to manage it. There is no guarantee that the conservator will be the person you would want. It is easier (and less expensive) to execute a power of attorney and know that someone you trust will handle these issues.

People also execute powers of attorney if they are unavailable for long periods. Examples include being deployed as a servicemember or traveling abroad for work or personal reasons. If you do not have someone handling matters at home, you may return to unpaid bills and mishandled assets. A power of attorney ensures some control and reassurance that your home matters receive attention.

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Alaska Power of Attorney Information

What Is a Power of Attorney?

A power of attorney is a legal document where a principal (you) appoints an agent (also called an attorney-in-fact) to act on their behalf in financial, real estate, business, and other essential matters. Most powers of attorney are durable, meaning they remain effective regardless of your disability or mental incapacity. It remains in effect until you revoke it, execute a new power of attorney, or pass away.

You can execute a general power of attorney document, which grants broad powers to your agent. If you are using it as a backup plan in case anything happens to you, this approach is the best way to ensure your affairs receive complete handling. You can also execute a limited power of attorney, limiting your agent's authority to specific powers or even a single transaction.

If you want someone to act on your behalf with health care decisions, you need to execute a healthcare directive. Also known as a medical power of attorney (or health care power of attorney), it addresses communicating treatment preferences when you cannot do so.

How To Get an Alaska Power of Attorney Form

You have two options when it comes to securing an Alaska power of attorney. One, you can hire an estate planning lawyer to draft the document for you. Or you can download a form and fill it out. (The link provided here also contains instructions and access to other estate planning documents.)

Once you find a form, follow these instructions to complete it:

1. Choose your agent

Carefully consider who will be your agent. You want to choose someone trustworthy who has your best interests in mind. Most people choose their spouse, live-in partner, a close friend or family member, or business partner. You can also select a successor agent in case your first choice is unable or unwilling to serve as your agent when the need arises.

2. Assign powers

A power of attorney form will list general powers normally granted in these documents including real estate transactions, business operation, banking, financial power, retirement plan management, and many others. If you wish to grant all of these powers, you do not have to make changes. Otherwise, cross out any powers you do not want your agent to exercise.

3. Find a notary

Alaska law requires that you sign your power of attorney in front of a notary public. You can find a notary public at your local financial institution where you hold bank accounts or hire a mobile notary to visit you at work or home. If you hire a law firm to draft your power of attorney, they will usually have a notary on staff.

4. Make copies

Once finished, make copies of your power of attorney and provide them to your agent, family members, and anyone else affected by it. Keep the original in a safe deposit box or fireproof filing cabinet. Make sure your agent knows where you keep the original.

If you wish to revoke your power of attorney in the future, you have two options. You can either draft a new one (which will cancel out previous powers of attorney) or sign a document called a revocation of power of attorney. Inform your agent if you take this action since they can still act in that capacity if they are unaware the power of attorney is revoked.

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