If the Power of Attorney document is written so as to require the “attorney-in-fact” to disgorge or turn over any and all documents or financial accounting records he or she may have after the dissolution of a POA, then an obligation to act typically will exist.
But if that language is missing from the document, then the answer is not as black and white.
A lease agreement is valid, binding and enforceable upon execution by the parties. Unless the lease agreement provides a specific amount of time for one party or the other to return it after signing, there is no time limit, per se.
However, providing a tenant with a copy of the signed lease agreement as soon as possible is a good idea, so that the tenant is aware of his or her obligation and to make the tenant aware of any rules or regulations that may be associated with the property.
Many notaries employ the use of a seal or stamp to make the notarized document appear more ‘legal’. But the document is no more or less “legitimate” if a seal is placed on the document or not.
Sometimes the parties to a Deed cannot meet together on the same day to sign the document; often a Deed is hand-delivered by a third party or mailed between parties.
In such an instance, the date listed within the Deed should reflect the date of the second person making the signing.
Land Contracts have a number of names: sometimes they are called Trust Deeds, Contract for Deed, Deeds of Trust, Notes, or Privately Held Mortgages. But they all represent the same thing: a way of selling property where the buyer relies upon the seller for the financing rather than paying cash up front or borrowing from a bank.
So what is the process of buying a home or undeveloped property via Land Contract?
Most real estate purchases made with a mortgage in place use a Warranty Deed as a way to protect the interests of both the note holder and property owner. But once a mortgage is paid off and the house is owned free and clear by the property owner, other types of deeds can be used, if the property owner so chooses.
Trustees often have specific rules regarding the conduct of their 341 meeting of creditors. And while many procedural rules are common to all Trustees, there can be slight differences in their actions or requirements.
Many people hope that they need not include their car in bankruptcy, especially if they are not behind in their payments. But is a person still required to list their car on the bankruptcy filing regardless?
Under bankruptcy law, all assets, debts and obligations are to be listed on the petition and schedules.
Wills are not “filed” with a court — they are signed, attested then distributed to the Will’s executor, family members, and other trusted advisors and persons. If a person you know has become incapacitated or died and you are attempting to locate a valid copy of his or her Will, the best idea is to … Read more
Making certain that a completed legal document like a Will, a Living Will, a Living Trust, a Promissory Note or a Premarital Agreement will remain valid for many years after its original signing is a legitimate concern, and one to be taken seriously.