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October 15, 2011

Special Power of Attorney

A special power of attorney lets a person engage in specific transactions on behalf of another person. The POA form provides directives regarding the transaction, as well as the date privileges expire.

Common reasons for executing a special power of attorney include authorizing an agent to conduct banking transactions, control financial investments, make business decisions, and buy, sell or trade personal or business assets.

Real estate investors often use this kind of power of attorney to let realtors buy or sell investment properties. Another use is to authorize property management groups to collect rent, conduct background and credit checks, file eviction claims against tenants, or engage in repairs for rental properties.

Real Estate Investing article on "Special Power of Attorney "

June 07, 2009

Will Estate Planning

Will estate planning is an important aspect of life. Many people do not understand the consequences of failing to make preparations for death. Reality is no one makes it out alive. If you do not engage in estate planning, the responsibility will rest with your family. Worse yet, your estate management could be turned over to complete strangers!

Will estate planning involve executing legal documents which outline your final wishes. The Last Will and Testament is used to appoint an estate administrator who will oversee your estate. This person will have many duties to perform. They should be good with finances and able to make difficult decisions under stress

Real Estate Investing article on "Will Estate Planning"

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