5 Siblings want to sell Property/Power of Attorney Forms?

[Matt Rathburn]

I have a unique situation wherein the property I want to purchase is owned by 5 siblings and they have all agreed they want the oldest sibling to sign everything on their behalf, so they want to complete a power of attorney form to give him the right to sign. I am having trouble locating a form for this, although I have found plenty for one person. I contacted an attorney and he will create the power of attorney forms for a $1,000 retainer as well as $250 per hour for the legal work involved. I thought that sounded pricey, but I've never done this before so I wanted to run it by you all. Does it sound like a fair price? Is this form something I could find somewhere and basically create it on my own, or would it be better to have an attorney complete this? This is my first multi family purchase and I want to do it right, but I also don't want to pay loads of money for things I can do myself. What do you all think?