A durable power of attorney (POA) enables your elderly parent (called the principal in the power of attorney document) to appoint an agent, such as a trusted relative or friend, to handle specific health, legal and financial responsibilities. There are two types of power of attorney:
Deeds are also categorized based on the type of title warranties provided by the grantor. The general warranty deed, for example, provides the highest level of protection to the buyer. The quitclaim deed, on the other hand, typically provides the least buyer protection. The different types of deeds include:
There are several types of deeds that are commonly used to convey real property. What distinguishes one type of deed from another type of deed are the warranties contained therein. The most common types of deeds are: 1  The General Warranty Deed; 2  The Special Warranty Deed; and.  The Quitclaim Deed.