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Individual Document Preparation Otherwise, it is often most cost effective to prepare all documents at once. At Snug, you can create individual documents or entire estate plans whenever you want. Any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.
Legal Requirements for Durable Power of Attorney Dated. Signed by the ?principal? or creator of the power of attorney or advance directive. Signed by two adult witnesses, at least one of whom isn't related to principal OR acknowledged by a notary public.
A power of attorney must be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.
The requirements and restrictions vary in each state; however, in Mississippi, your document will require notarization. If your agent will have the authority to manage real estate transactions, the Power of Attorney will need to be acknowledged by a notary and recorded or filed with the county.
You dictate the actions you permit the person to take, and you can limit it to a single transaction or give the person general authority. You can revoke a power of attorney through a written revocation form, which must be given to your agent and to the individuals and businesses the agent deals with on your behalf.