Power of Attorney



Recently, I've had the pleasure to work with a client who is the Power of Attorney for her 90+ year old mother. This is a reminder to everyone that we need to plan for the future. My client had foresight to get a power of attorney more than 10 years ago.
One needs to make sure the power of attorney is valid and usable. Besides getting a power of attorney set up, everyone should consider putting the property into a trust identifying who has the authority to handle the affairs of the property, assets and affairs. Having a property held in a trust is less expensive than going through probate when a loved one only has a will. Be prepared and make life easier for future generations.

Comments

Post a Comment

Popular posts from this blog

First Time Homebuyers: What They're Looking for and What They Need to Know

Now that the housing market is picking up once again, a growing number of first-time homebuyers are jumping in, attracted by relatively low home prices in some areas and historically low mortgage interest rates. In fact, many first time homebuyers have discovered that for the first time in years it’s actually cheaper to own a home than it is to rent one. The Joint Center for Housing Studies at Harvard recently reported that the median priced home in the U.S. (when calculated in today’s dollars) is roughly half as much as it was in 1990! And as rents have steadily risen in recent years, the Harvard study found that mortgage payments on the median U.S. home is now 23 percent less than rent payments for the same home. So as new buyers look to take advantage of this great opportunity, what are they looking for in their first home – and what do they need to know about buying real estate for the first time? We thought it would be interesting to take a look at the wants an...
Read more about this entry »»»»

What You Need To Know Before Selling Your Land

Image
  If you’ve got a piece of land that you want to sell, the process is relatively simple. Unlike selling homes and developed property, selling land is a much less involved process and can be done in far fewer steps. That doesn’t mean, however, that there isn’t anything you need to know before you sell your land to an interested buyer.   On the contrary, there are at least a handful of tips that you can prevent potential problems and make the whole thing go a lot smoother. In case you want to sell your land in the most efficient, profitable manner possible, here’s what you need to know before beginning the process.   1.  Zoning Laws Zoning laws are huge when it comes to buying or selling land. Especially if your buyer wants to alter the land in any way by drilling a well, building structures, or harvesting resources, zoning laws could come into play.   Rural land does tend to have lax zoning laws but there could still be restrictions on any of the actions listed a...
Read more about this entry »»»»

Culinary Adventures: Foodie Delights in San Francisco’s Trendiest Neighborhoods

Image
  San Francisco is a paradise, for food enthusiasts providing a plethora of dining options in its neighborhoods. From the sourdough bread to rated restaurants there’s something to please every palate.   Ms. San Francisco Real Estate is here to assist you in navigating the citys districts and finding your home close to your preferred flavors. Whether you’re into cafes or renowned cuisine San Francisco has a neighborhood tailored for you.   So get ready to satisfy your hunger and explore the offerings of San Francisco fashionable areas!   North Beach; A Taste of Italy North Beach immerses you in an ambiance with its quaint cafes bustling bakeries and family owned trattorias. Molinaris;  Delight in dishes and cozy atmosphere at Molinaris. This beloved eatery has been a gem for generations serving up meals in a welcoming setting. Testa Bakery;  Treat yourself to some of the focaccia and cannoli in town at Testa Bakery. Their baked breads and pastries are a deli...
Read more about this entry »»»»