Enduring Power of Attorney — What Is It and How Much Does It Cost?

Enduring power of attorney is an essential legal document that enables a person (the grantor) to transfer legal and financial powers to another person (the agent) even if the grantor loses their decision-making capacity. Unlike an ordinary power of attorney, which becomes void upon loss of decision-making capacity, an enduring power of attorney remains valid and provides essential legal protection to the individual, their family, and their assets.

Enduring power of attorney cost is not fixed and is linked to several variables: complexity of the financial situation, number of assets, type of assets (apartment in shared property, agricultural land, bank accounts, investments), the need for special instructions, and your choice of attorney. At the Law Office of David Wasserman in Modiin, we provide transparent pricing, personal consultation, and full support from the initial stage through final documentation.

Factors Affecting the Cost of Drafting an Enduring Power of Attorney

• Complexity of the financial situation: If you have multiple assets, businesses, investments, or a complex family situation, the cost may be higher.
• Type of assets: An enduring power of attorney that includes real property requires land registry checks and additional legal coordination.
• Special instructions: If you wish to add specific instructions (for example, prohibition on selling a particular apartment or guidelines regarding donations), this may affect the price.
• Israel Bar Association fees: The Israel Bar Association sets a recommended fee schedule, but attorneys may agree on different fees in a written agreement.
• Preparation and reasoning time: If the case requires in-depth legal research, family consultation, or coordination with third parties (banks, authorities), this affects the time and cost.

Typical Cost Ranges in 2026

According to the Israel Bar Association's recommended fee schedule, the cost of drafting a basic enduring power of attorney (without complex assets) typically ranges between ₪1,500 to ₪3,500. If the case involves substantial assets, real property, or special instructions, the cost may reach ₪4,000 to ₪7,000 and above. It is important to understand that these fees reflect legal work, research, reasoning, and final documentation.

Cost Comparison by Case Type

To better understand cost ranges, we present here a comparison of different scenarios. Each scenario reflects a different family or financial situation, and these costs are estimates according to the recommended fee schedule of the Israeli Bar Association:

Scenario 1: Basic Lasting Power of Attorney (Single Individual, Minimal Assets)

A 75-year-old individual who wishes to establish a basic lasting power of attorney, with a single jointly-owned apartment, bank account, and pension. The case is straightforward and efficient. Estimated cost: ₪1,500–₪2,500. This includes drafting, consultation, and bar association fees.

Scenario 2: Lasting Power of Attorney with Real Property (Sole-Owned Apartment)

An individual who owns an apartment in sole ownership, bank accounts, small investments, and life insurance. The case requires land registry inspections and additional legal coordination. Estimated cost: ₪2,500–₪4,000. This includes registry inspections, extended drafting, and consultation.

Scenario 3: Complex Lasting Power of Attorney (Significant Assets, Business, Family)

An individual who owns an active business, multiple real properties, significant investments, a large family, and requires special instructions (for example, guidance on business management or protection of certain assets). The case requires in-depth legal research and strategic consultation. Estimated cost: ₪4,000–₪7,000 and above. This includes full strategic consultation, comprehensive legal inspections, and close support.

Scenario 4: Lasting Power of Attorney with Special Instructions (Yad Sarah, Bank)

An individual who wishes a lasting power of attorney that will include special authorities at the bank (for example, access to an elderly care management account at the bank), or specific instructions regarding donations to public organizations or Yad Sarah. The case requires coordination with the bank or relevant parties. Estimated cost: ₪3,000–₪5,500. This includes special consultation, coordination, and support.

Important Note: Israeli Bar Association Fees

Israeli Bar Association fees are recommended and not mandatory. An attorney may offer lower or higher fees by written agreement. When contacting an attorney, request a written quote and ensure you understand all cost components before agreeing.

Enduring Power of Attorney at the Bank — Special Costs and Requirements

When you want your power of attorney to include banking authorities (account access, transaction execution, investment management), the bank may require additional documents or certifications. Some banks require the power of attorney to be in both Hebrew and English, or they may require certification by an attorney or legal consulting firm.

Additional Costs for Banking Power of Attorney

• Additional drafting fees: If the bank requires a special version or translation, these costs may add ₪300–₪800.
• Signature certification: Some banks require signature certification before a notary public. This cost is typically ₪100–₪200.
• Banking fees: Some banks may charge fees for updating their systems or approving the power of attorney. Check with your bank in advance.

Enduring Power of Attorney with Yad Sarah — Costs and Requirements

Yad Sarah is a public organization in Israel that provides services to the elderly and asset management. If you want your power of attorney to include authorities with Yad Sarah (for example, asset management or receiving services), these costs may vary:

• Drafting fees: A power of attorney for Yad Sarah purposes is typically similar to a regular power of attorney, but may require special legal justification. These costs are usually ₪1,500–₪3,000.
• Yad Sarah fees: Yad Sarah may charge its own fees for asset management or services. Check with Yad Sarah for exact fees.
• Legal reviews: If there is a need for capacity assessment or additional checks, this may add costs. This is usually not required if you have full decision-making capacity.

Benefits of Investing in Quality Continuous Power of Attorney — Why Not Cut Corners?

We understand that legal costs can seem high, but it is important to understand the value behind investing in a quality continuous power of attorney:

1. Complete Legal Protection

A continuous power of attorney drafted by an experienced attorney ensures that the document is legally valid, recognized by authorities, banks, and public entities. A power of attorney drafted by yourself or with the help of an online template may be invalid or lack essential instructions.

2. Protection of Your Assets

An experienced attorney will review all your assets, ensure they are properly protected, and create special instructions if necessary. This prevents exploitation in the future.

3. Family Consultation

An attorney can guide you in selecting an appropriate representative, explain their rights and responsibilities, and help you avoid family conflicts in the future.

4. Discretion and Confidentiality

An attorney is bound by attorney-client privilege and will ensure that your personal information is kept secure.

5. Legal Updates

An experienced law office will keep you informed of changes in law or legal practice, and ensure that your power of attorney remains current and valid.