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1) Durable Power Of Attorney Info
Author:
Nicholas Copernicus
Category:
Legal
The durable power of attorney (POA) is a legal form, which can be used by a competent adult to appoint another person to act as their agent to manage their financial affairs. It's 'durable' because it stays in full effect even if you become disabled. Usually at inopportune times would be when you need your agent the most, that's why this legal form was created. Unlike a general POA it won't be inoperative when the principal, person who made the poa, becomes disabled. Although the agent has this...
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2) Will Contesting
Author:
Nicholas Copernicus
Category:
Legal
Will contests are typically brought on by family members from wealthy families who believe they were cheated out of their share of the inheritance of the assets involved. A legal battle may also erupt though when a family member believes the will was fraudulent or done under bad circumstances. For example, they may have had Alzheimer's and were not in sound mind at the time the will was created.
To be specific, a will contest is a legal proceeding that challenges the validity of a will or it...
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3) Creating a Business Partnership Agreement Contract
Author:
Nicholas Copernicus
Category:
Legal
Verbal agreements tend to never work out. Putting the terms of the partnership in writing is the smartest thing you can do to protect your business. Spelling out the rights and responsibilities in a written partnership agreement will better equip you to settle conflicts if they arise. You'd be surprised how minor misunderstandings can erupt into full-blown fights. Also, when you don't have a written agreement saying otherwise, your state's laws will control many aspects of your business.
Hav...
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4) What Can You Do With a Power of Attorney?
Author:
Nicholas Copernicus
Category:
Legal
A power of attorney form is a legal form that will allow someone to appoint another person to legally act on his or her behalf. The person who creates the POA (power of attorney) is called the principal and the person appointed to act on the principal's behalf is called the agent.
One need a POA fills for many people is their need to help their aging parents with their financial affairs. Aging is a process we all have to go through but it can be made a much easier process with a POA. When we...
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5) What Exactly Is a Promissory Note?
Author:
Nicholas Copernicus
Category:
Legal
A promissory note is a legal agreement that is a written promise to repay a debt. It will include how and when the debt will be repaid. It can be through a series of payments, upon demand, or another way both parties can agree upon.
A promissory note will require the full names of the parties, the amount of the obligation, and the debtor's obligation(s). The debtor's obligation includes the terms of repayment, and an interest rate, if any. It can also include what is called an 'acceleration...
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6) The Security Provided By Auto Bill Of Sale Forms
Author:
Nicholas Copernicus
Category:
Legal
It's important that when you buy or sell a used car you record the sale with an auto bill of sale form. For the person selling the car, it provides them evidence that the title of the car has been legally transferred to the buyer, and they are now responsible for the vehicle. For the person buying the vehicle, it documents the transaction and shows proof of purchase.
In most states an auto bill of sale is required before you can transfer the title and register a vehicle under a new owner. Th...
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7) What is a Personal Bankruptcy?
Author:
Nicholas Copernicus
Category:
Legal
A personal bankruptcy is a form that when filed will discharge obligations to creditors. Bankruptcy forms can be located online or an attorney can prepare one for you.
Contrary to popular belief, personal bankruptcy does not discharge all debts. Specific types of student loans, called secured student loans, must be paid even after some one has filed bankruptcy. Also, it won't discharge taxes owed to the state or federal government. Likewise, child support payments and money owed to victims o...
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8) Purpose of Prenuptial Agreements
Author:
Nicholas Copernicus
Category:
Legal
Prenuptial agreements are forms that act as a practical solution for dealing with the topic of how finances will be handled in a marriage. Although these forms are critical in preventing financial inequality, popping the question of using a prenuptial agreement is often times considered unromantic.
Every year, more and more couples create prenuptial agreements before they get married. Most couples just want the comfort of knowing all the financial cards are on the table so there will be no s...
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9) Preparing a Bill of Sale for a Used Car
Author:
Nicholas Copernicus
Category:
Legal
Preparing a bill of sale for a used car is a professional, organized way to sell a vehicle. Mike Meredith of MSN autos even believes by using one it will help to "maximize the dollars that you put into your pocket".
When most people think of ways to help their car sell easier using an auto bill of sale usually doesn't come to mind. Their preparation usually consists of taking the vehicle to a full-service car wash, fixing obvious damage, repairing body damage, touching up the paint, replacin...
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10) What is a Partnership Agreement?
Author:
Nicholas Copernicus
Category:
Legal
A partnership agreement is a legal document, which outlines and governs how a partnership will be managed. Having one will prevent any disagreements later on down the road by clearly outlining each person's responsibilities and objectives. Not having one will most likely eventually lead to conflicts, confusion, and possibly even lawsuits. To often partnerships fail because of choosing to negligently ignore creating a legal agreement.
There are also other benefits some one could enjoy by crea...
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