0
Fiduciary compensation is actually a gray area. However, one rule of thumb to find out the reasonable compensation for medical POA should be based on 5 percent of gross income and 1 percent of gross assets per annum. This also includes reimbursement for out of pocket expenses. The amount may vary depending on the circumstances. It is always recommended to consult a local attorney regarding the matter.
Add your answer:
Earn +20 pts
Is the compensation we allot the president reasonable?
The compensation we allot the president is reasonable as it is a sign of appreciation for the good work.
How do you obtain a copy of your brothers poa on mother to see if you have been excluded from medical information?
how do I obtain a copy of my brothers POA on my mother to see if I have been excluded from medical information.
Can the durable power of attorney rule over medical power of attorney?
No. You will find that they are regarded entirely differently. The decisions of the holder of a durable POA will not be accepted or acted upon by the medical community. A specific medical POA must be granted for medical and end-of-life issues.Another PerspectiveSome Durable Power of Attorney documents can be drafted to include broad powers including including the power to make medical decisions. An example from Alabama is provided in the link below. If a person executes both a Durable POA and a Medical POA they should make certain the powers do not overlap so as to cause a problem when medical decisions must be made on behalf of the principal.
In Arizona is the executor of a will entitled to compensation?
The executor of a will is entitled to compensation. It has to be fair and reasonable. It also has to be approved by the probate court.
Regarding a worker's compensation claim what release of medical history is reasonable?
SCIF is asking for 10 years of medical history, every body part and every doctor. I think this is against my right of privacy. Please advise - thanks.
Under what circumstances is someone eligible for Medical Compensation?
The Medical Compensation is intended to lower medical malpractice liability insurance premium for health care providers. Someone is eligible for medical compensation if they are injured on the job due to the companies negligence.
If someone has a power of attorney does the POA also get a share of their settlement claim?
No. A power of attorney does not carry with it an automatic right to compensation in any form.
What has the author Ronald L Seigneur written?
Ronald L. Seigneur has written: 'Reasonable compensation' -- subject(s): Compensation management
Does the power of attorney in the state of Florida entitle the person that has it to receive compensation from the estate he or she is overlooking?
Unsure of what it is that is being asked. A Power Of Attorney (POA) is only valid while the person that granted it is still alive. The minute the grantor of a POA dies, the POA ceases and the POA become invalid! On the other hand, an EXECUTOR of a will, who is usually named by the testator, MAY be required to post some kind of bond with the court which establishes their faithful and lawful execution of the will. This 'bond' may be waived by the testator, and the Executor MAY be granted compensation for their role in executing the estate IF the deceased provided for such in their will. In summation: the holder of the deceased's POA holds a useless piece of paper. The Executor of the deceased's will is in full control of the execution of the deceased's wishes.
What has the author C J Morgan written?
C. J. Morgan has written: 'Medical malpractice and economic medical malpractice compensation' -- subject(s): Compensation (Law), Malpractice, Medical personnel
Is there a cap on medical negligence compensation in Illinois?
Yes, this is true, there is actually a cap on medical negligence compensation in Illinois. There is also a cap on how much you are awarded if you sue in court as well.
Is monopolistic good?
It's not inherently good or bad - there are pros and cons, but generally in all states Workers Compensation coverage is available at a reasonable price and with reasonable service.
