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:
What Is Deed Vesting? The principle of vesting is an important tenet of property rights, and the application of the principle usually determines the owner's ability to use and profit from their personal property. As a result, vesting has important implications in real estate and the recording of real estate documents called title deeds.