Power of attorney: This is how high the notary fees are

For a proxy authorization, costs are incurred by the notary. However, the investment is worthwhile. You can find out what fee the notary charges for his work in this article.

Power of attorney - these costs are incurred by the notary

With a precautionary power of attorney, you determine who handles your private and financial affairs if you are unable to do so.

• In principle, you do not have to have a proxy notarized. However, it can then be slightly questioned and thus become ineffective.
• Allow the notary to advise you and certify the power of attorney, from a legal point of view you have clarity, similar to when filing a will. The notary not only checks your identity, but also determines your legal capacity.
• How much the notary may charge for the certification of a pension proxy is regulated and depends on the so-called business value.
• In the case of a power of attorney, the goodwill amounts to half of their total assets. If you still have debts, you cannot offset them.
• For example, if your assets amount to 100, 000 euros, a business value of 50, 000 euros is used. In this case, notary fees of 165 euros are incurred for the power of attorney.
• With a business value of 25, 000 euros, the fee is reduced to 115 euros. In contrast, the notary fees with a business value of 250, 000 euros amount to 535 euros.
• The certification fee is capped at a maximum of 1, 735 euros. Even if you are a multi-millionaire, there are no higher notary fees.

In our next post, we explain how a will is opened.