In case you missed last summer's MSN Money article, "Three Documetns Everyone Needs," here is a recap. When buying a home, people consider things like paint colors for their vision of the new living room. They consider buying title insurance at the closing. Then, the mortgage comes along and not much thought is given to the attorney who handled the closing or to any other lawyer. Yet, if you purchase real estate, you likely need to make sure you have in place documents like a Health Care Proxy, a Durable Power of Attorney and a Will. You might also consider a Living Will and since real estate prompted this discussion, you might want to make sure you have a Homestead in place, as well.
Even if you completed these documents years in the past, you might wish to review them when a new home is purchased or sold. Sometimes a purchase or sale is undertaken because of a change in cirucmstances, so make sure that when you buy or sell a home, that you take the opportunity to examine your other legal documents.
For information about these documents and how they might apply to your individual situation, contact an attorney like Michael Riley.
Disclaimer: The information presented herein is offered for information purposes only and does not constitute legal advice nor does it establish an attorney/client relationship.
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