By Tucker Griffin Barnes | Published April 19, 2023 | Posted in Charlottesville Real Estate Attorney, Real Estate Attorney, Real Estate Contract Review, Residential Real Estate Closings | Tagged Tags: Bill Tucker, Buying Home, POA, Power of Attorney, Residential closings, Selling Home | Comments Off on Specific Power of Attorney Observations for Real Estate Transactions
Specific Power of Attorney Observations for Real Estate Transactions
Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More
Can An Adult Child Claim Part of Father’s Estate In Virginia If There Has Been No Contact For 30 Years?
In Virginia, a child has a legal right to inherit from their parent’s estate, unless they have been legally adopted by another person or their parental rights have been terminated. Therefore, an adult child could potentially claim a part of their father’s estate, even if there has been no communication for over 30 years, assuming Read More
Why Should My Health Insurance Pay for My Injuries if I Am Not at Fault?
The reason in most cases is that you and your health insurance company have a contract for which you or your employer have paid premiums. In its most basic form, the contract with your health insurance carrier is: “If I am sick or hurt, you will pay”. By taking your payments, the health insurance company Read More
Wiring Instructions for Real Estate Settlements
Realtors: before closing, please ensure your purchasing clients are knowledgeable about their personal bank’s wire procedures – including earnest money deposits. The Settlement Agent’s instructions or the amounts to wire are not necessary to find this information, as this procedure is determined by the purchaser’s personal banks. This includes how wires are sent: · In Read More
Common Types of Compensation in a Virginia Personal Injury Case
In Virginia, personal injury victims may be entitled to different types of compensation, depending on the circumstances of their case. Here are some of the most common types of compensation that may be available in a Virginia personal injury case: Medical expenses: This can include all expenses related to medical treatment, such as hospital bills, Read More
Avoiding Real Estate Settlement Wire Fraud
Realtors: It’s all over the news here, here, and here. If you haven’t had the nightmare, someone you know has: your client receives an innocuous email and follow-up phone call from someone who claims to be from the Settlement Agent’s office updating their wire instructions. Wanting nothing to postpone the home purchase, your client complies Read More
Do you have to pay your health insurance back if you recover money in a personal injury case?
From the Personal Injury Attorneys at Tucker Griffin Barnes: The general rule in Virginia is “NO”. Virginia Code §38.2-3405(A) states in pertinent part, “[n]o insurance contract providing hospital, medical, surgical and similar or related benefits . . . delivered or issued for delivery or providing for payment of benefits to or on behalf of persons Read More
Bankruptcy Law Changes: Student Loan Debt Discharge Is Now Easier for Borrowers
Student loan debt is one of the most significant financial burdens faced by Americans today, with more than 43 million people in the United States owing a total of $1.7 trillion in student loans.[1] To alleviate this financial crisis, bankruptcy laws have undergone significant changes that may make it easier for borrowers to discharge their Read More
Mediation: Saving Money, Time, and Providing Benefits to Clients
Legal disputes can be costly, time-consuming, and emotionally draining for all parties involved. Fortunately, mediation offers a way to resolve disputes outside of the courtroom, providing many additional benefits. Mediation is a confidential process in which a neutral third party (the mediator) helps the parties involved reach a mutually acceptable agreement. The mediator does not Read More
What Is Roundabout Etiquette?
Whether you call them round-about or traffic circles, they keep traffic moving and decrease the time you must sit at a red traffic light when nothing is coming. When driving on round-abouts, using the proper round-about etiquette can avoid a car crash and the injuries that can come with it. First, when you approach the Read More
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