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:
Property Deed Pricing and Packages If you need to add or remove a person's name from your property title, gift your property to a loved one, or place your property in a living trust, you will need a property deed. Two of the most common types of property deeds are the quitclaim deed and the warranty deed A quitclaim deed transfers whatever interest you have in the property and makes no guarantees.