This form is a Warranty Deed where the Grantors are Two Individuals or Husband and Wife, both acting through an attorney in fact, and the Grantees are Two Individuals or Husband and Wife. Grantors convey and warrant the described property to Grantees. This deed complies with all state statutory laws.
Indiana Warranty Deed - Two Individuals or Husband and Wife, Grantors, both acting through an Attorney in Fact, to Two Individuals or Husband and Wife as Grantees.
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FAQ
A Power of Attorney might be used to allow another person to sign a contract for the Principal. It can be used to give another person the authority to make health care decisions, do financial transactions, or sign legal documents that the Principal cannot do for one reason or another.
The Principal can override either type of POA whenever they want. However, other relatives may be concerned that the Agent (in most cases a close family member like a parent, child, sibling, or spouse) is abusing their rights and responsibilities by neglecting or exploiting their loved one.
A warranty deed can be revoked. In most situations, the person signing the deed needs the cooperation of the person who received the deed to revoke it.If the deed was prepared for a property transfer as part of a typical sale, though, you probably will have to take legal action to revoke the deed.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
No a will does not override a deed. A will only acts on death. The deed must be signed during the life of the owner. The only assets that pass through the will are assets that are in the name of the decedent only.
A power of attorney agent is not barred by law to sell the property unto himself by following proper procedures. He is selling the property on behalf of his principal in the capacity of his agent/representative and buying it as a buyer.In his absence or at his option, the POA can act.
A power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person's behalf.If so, a spouse, relative or friend with POA can sign a deed or other real estate documents.
Powers of attorney are often used to transfer real estate.The person named as agent (usually a spouse or other family member) can use the power of attorney to sign the real estate documentsincluding the deedwithout opening a guardianship or conservatorship or otherwise obtaining court permission.
Misconceptions and Realities. It is a misconception that someone can be removed from the deed. Nor can a co-owner simply take away another party's interest in a property by executing a new deed without that other party. In short, no one can be passively removed from a title.