Walk It Through: The Papers In Order
A financial power of attorney with a witness and a notary, a health care power of attorney, and a beneficiary deed for the house.
An older man wants his son to manage his finances if he ever cannot.
Two things a person in this spot might do. Picking one shows what the law says about it.
One father and his grown children. Revocation of a power of attorney, an agent's duties, who decides when nothing was signed, and the statutory deed forms are not worked through here.
A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.
Words this turns on
Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.
- Durable power of attorneyA power of attorney containing words showing the principal meant the authority to be used after a later disability or incapacity, and however much time has passed unless it states a definite end.
- Beneficiary deedA deed that names a grantee beneficiary and expressly states that it is effective on the owner's death, transferring the interest at that death. It is valid only if executed and recorded with the county recorder where the property is located before the owner's death.