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Will vs Power of Attorney — United States

A will only takes effect after death and covers asset distribution; a power of attorney takes effect during life and covers decision-making while you're still living. Must meet the jurisdiction's formal execution requirements, typically including witnesses and, in some places, notarization. By contrast: Must clearly define the scope of authority granted and comply with the jurisdiction's witnessing or notarization rules. Typical legal fees for drafting or reviewing either document in this jurisdiction run $150–$400/hr attorney rate; $500–$2,000 flat for template review — as with any fee estimate, confirm current rates with a local practitioner.