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A document that gives another person the power and legal authorization to act on your behalf. The maker of the document is the principal and the agent who is designated is the attorney-in-fact. A durable power of attorney provides authorization in the event the maker becomes incapacitated, for example, comatose and near death. See durable power of attorney for finances; durable … [Read more...] about POWER OF ATTORNEY

L. Fr. An ancient writ whereby the crown seized the land which the wife of its deceased tenant, who held in capite, had for her dower, ir she married without leave. It was grounded on the statute Do Prmrogativa Regis, 7, (17 Edw. II. St 1, c 4.) It is abolished by 12 Car. II. c 24. … [Read more...] about POUR SEISIR TERRES

Every power of disposition is deemed absolute, by means of which the donee of such power is enabled in his life time to dispose of the entire fee for his own benefit; and, where a general and beneficial power to devise the inheritance is given to a tenant for life or years, it is absolute, within the meaning of the statutes of some of the states. Code Ala. 1886, … [Read more...] about POWER OF DISPOSITION

A will that places property into a trust when the maker of the will dies. Property left through the will must pass through probate before entering the trust. … [Read more...] about POUR-OVER WILL

A clause sometimes inserted in mortgages and deeds of trust giving the mortgagee (or trustee) the right and power, on default in the payment of the debt secured, to advertise and sell the mortgaged property at public auction (but without resorting to a court for authority), satisfy the creditor out of the net proceeds, convey by deed to the purchaser, return the surplus, if … [Read more...] about POWER OF SALE