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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 …
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In real estate, the chain of title is the history of the property’s ownership. When a property is sold, the title is transferred, and these transfers form the chain. Researching the chain of title is among the tasks performed by a title company when a buyer signs a contract to purchase a property. The chain …
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Note: This article discusses topics that might be sensitive for certain readers. October is, for many people, the best month of the year. For lots of Americans, the temperature breaks and the crispness of autumn sets in, and the foliage begins to turn marvelous shades of orange, red, and yellow. For some, it might even …
On television and in movies, transferring real estate when someone dies is a simple matter of reading the will. Once everyone knows what’s in the will, like magic, the real estate goes to the right person or entity. In reality, things are rarely so simple. Wills are frequently contested, and disputes between beneficiaries, family members, …
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Sharing title to real estate with a minor, while generally lawful, can lead to legal complications. Each state defines the basic rules for conveying ownership of real property in its statues, but those rules apply to dealings between adults. When minors are involved, the situation becomes more complex.