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:
Warranty Deed FAQ United States Warranty Deed FAQ - United States A Warranty Deed is one in which the grantor fully warrants good clear title to the property, free from any encumbrances that are not listed on the deed. It is used in most real estate deed transfers, as it provides the greatest protection of any deed.