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7 result(s) displayed (1 - 7):

November 22, 2011

Power of Attorney Template

A power of attorney template is required whenever one person needs to assign rights to conduct transactions for another person. This could be to authorize someone to oversee personal finances, conduct business transactions, or act as an agent for nearly anything a person does in their daily life.

The power of attorney template makes executing this legal document quite simple. The person writing the POA is referred to as the Principal and the person receiving authorization is referred to as the Attorney-in-Fact, or Agent.

Anyone can be designated as an agent, as long as they are of legal age. It's common to assign rights to spouses, relatives, business partners, realtors, financial planners, lawyers, and accountants.

Real Estate Investing article on "Power of Attorney Template "

November 07, 2011

General Power of Attorney

General power of attorney references a legal document that allows one person to engage in a myriad of personal and business financial transactions. It provides broad sweeping powers that essentially allow the agent to conduct nearly any type of activity for an extended period of time.

The person writing the general power of attorney is known as the Principal. They can only authorize their agent to engage in transactions related to property they personally own or to make decisions on their behalf.

Agents are referred to as the attorney-in-fact. This doesn't mean the person has to be a lawyer. Instead, it refers to the authorization they have to engage in transactions that have legal ramifications. For example, agents could apply for financing to buy a house in the Principal's name.

Real Estate Investing article on "General Power of Attorney"

November 01, 2011

Power of Attorney Form

A power of attorney form is used for all kinds of transactions that require one person to authorize another person to act as their agent. These forms are an essential component of estate planning, business operations, personal finance, and healthcare matters.

The kind of power of attorney form needed depends on what duties the agent is responsible for performing. For example, a limited power of attorney is used to provide agent privileges to do a specific task during a specific timeframe, while a durable power of attorney grants sweeping rights.

Two parties are involved with each type of POA. Principal refers to the person writing the document and Attorney-in-Fact refers to the person responsible for carrying out tasks. The attorney-in-fact doesn't have to be a lawyer. In fact, they are usually a spouse, relative, business partner, financial advisor, physician, or friend.

Real Estate Investing article on "Power of Attorney Form "

September 27, 2011

Durable Power of Attorney

Establishing durable power of attorney is a good idea for anyone that has bills to pay or wants to have a say about medical treatments they receive. POA is a legal document that gives permission to another person to make decisions on your behalf if you become injured or too ill to make decisions or are out of town and unable to appear in person.

Durable power of attorney documents need to be executed for both personal finance and health care. The person who will be in charge of making decisions is known as the attorney-in-fact. This individual is usually a spouse, parent, or relative, but can be anyone you desire.

Real Estate Investing article on "Durable Power of Attorney"

August 30, 2011

Inherited

Have you ever inherited anything from a deceased relative? If so, you know it's a bittersweet experience. Inheritance gifts hold many sentiments. They can alter your life if consisting of large sums of money or valuable property such as real estate or jewels.

Inherited gifts can be a blessing or a curse. As a probate liquidator, I've watched many families engage in inheritance wars over a deceased relative's belongings. I've also seen the disappointment on people's faces when they discover everything their relative owned has to be sold to pay off outstanding debts or past due taxes.

Real Estate Investing article on "Inherited"

July 27, 2011

Power of Attorney

Granting Power of Attorney rights to a person is common practice in the field of estate planning. These powers give a person authority to make financial and healthcare decisions on your behalf when you are unable to do so.

Before assigning Power of Attorney rights it's important to give careful consideration to the person who will become your voice. The representative may have to make very difficult decisions, some of which conflict with ideals of relatives.

Real Estate Investing article on "Power of Attorney"

July 11, 2011

Power of Attorney

Power of Attorney grants authorization to a person to act on behalf of another. POA is most often used when establishing estate planning strategies, but is also used to empower a person to make healthcare decisions or to act on behalf of a person who is disabled or mentally ill.

Granting Power of Attorney rights is an important decision. Allowing a person to make decisions on your behalf, should you become unable to do so, requires careful examination. The elected individual should be financially responsible and emotionally and mentally stable.

There are different types of Power of Attorney forms. The type required depends on the overall needs of the person. Some people might require multiple people to serve as POA in different capacities.

Real Estate Investing article on "Power of Attorney"