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3 result(s) displayed (1 - 3):

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"

June 16, 2010

Savings Account

For many Americans, savings account equates to a piggy bank. With skyrocketing unemployment and foreclosure, millions of citizens barely have enough money to pay their bills, let alone save for the future. But, the truth of the matter is people need to set aside money for unexpected expenses, investment opportunities, and retirement.

Establishing a savings account can be accomplished from the comfort of home, as many financial institutions offer online banking. However, consumers should take time to conduct research in order to obtain the highest rate of interest and avoid transaction fees

Real Estate Investing article on "Savings Account"

June 13, 2010

Savings Account

In a perfect world, a savings account would be established at the moment of birth. Unfortunately, many people preparing for retirement do not have a savings account. Of those who do, the majority do not have sufficient funds to cover living expenses.

Most Americans place establishing a savings account on their 'To Do' list, but fail to take action and set aside funds for their rainy day. Many young people starting out in life consider their piggy bank to be their savings account.

Real Estate Investing article on "Savings Account"