Category: Power of Attorney
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Power of Attorney Between Joint Owners
If you hold a deed jointly, you might wonder what would happen if one joint owner becomes incapacitated. Can just one of you carry out refinancing or a sale on behalf of both of you? With a power of attorney (POA), one co-owner—called an agent—can sign legal agreements for the co-owner—called the principal—who loses the…
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What If a Power of Attorney Fails to Maintain the Real Estate?
Linda lives in a memory care unit. Her former home, just a mile away, has been vacant for more than three years. Just before she moved to the assisted living site, she signed legal power over her affairs to her sister Gerry. Gerry lives out of state, and rarely has time to visit Linda. A…
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How a Durable Power of Attorney Works for a Home Deed—And How to Create the POA in 8 Steps
Have you thought about estate planning and your home? One tool you should know about is the durable power of attorney. A durable POA can help a senior deed holder manage property and money, even when they’re losing the ability to do this personally. The document names your agent(s) and lays out their continuing authority…
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Creating a Power of Attorney
A Key Planning Tool for a Homeowner’s Future With a power of attorney (POA), you can appoint a trusted, competent person to act for you later, if you can’t carry out real estate transactions on your own behalf. In POA lingo, you are the principal, and your trusted person becomes the agent or attorney-in-fact (not…
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Conveying Real Estate Through a Power of Attorney
A power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person’s behalf. The POA document often appears in the world of real estate transactions. A person (called the principal) might require a stand-in to sign financial documents, on account of absence or disability. A limited power of attorney can enable the…
