February 23

What is Power of Attorney in Real Estate Transactions?

Power of Attorney in Real Estate Transactions

A Power of Attorney in Real Estate Transactions is a legal document which gives someone else legal authority to enter into transactions on your behalf. A Power of Attorney is accepted in all states, but the rules and requirements vary from state to state.

How the Power of Attorney Works

A Power of Attorney is essentially a contract document, which means you can control the full extent of the powers given to your attorney.

  • A Power of Attorney gives one or more persons the power to act on your behalf as your agent or attorney.
  • The person or persons given Power of Attorney will fulfill the administrative role of entering into an agreement for you so that you don’t have to sign every document. Their signature is legally effective to the same extent as if you had signed the document.
  • They can bind you with legal contracts and sign your name on real estate transference documents.
  • The power could be limited to certain activities such as closing the sale of your home.
  • The power may give permanent or temporary authority to act on your behalf.
  • The power may take immediate effect or upon the occurrence of a future event in which you are unable to act for yourself due to physical or mental disability.
  • A Power of Attorney can be revoked; however, most states require a written notice of revocation to the person acting on your behalf.
  • An agent with a valid Power of Attorney can take any action permitted in the document, but often they need to present the actual document in order to institute that power.

Benefits of Power of Attorney

  • It provides convenience, allowing you to complete transactions if you do not wish to appear in person.
  • You are able to prepare or plan for situations such as absence or incapability; you may not be able to act on your own behalf due to physical or mental inability.
  • You are able to rely on someone else’s expertise such as a real estate agent or a real estate lawyer.

Contact the Law Office of Reuven J. Epstein

The real estate attorneys at the Law Office of Reuven J. Epstein provide capable assistance in real estate transactions. We handle both residential and commercial real estate cases. We will ensure that your rights and interests are protected.

February 18

Criminal Statute of Limitations Laws in New York

Criminal Statute of Limitations Laws in New York sets deadlines for filing criminal charges. It prohibits prosecutors from charging someone with a crime that was committed after the statute of limitations has expired.

The Purpose of Criminal Statute of Limitations

Criminal Statute of Limitations laws are intended for the protection of the innocent. They ensure that convictions occur based on the evidence that is provided within the time constraints of the statute of limitations. The time limit for the prosecution to begin filing a criminal charge does not begin until the crime is discovered, or should have been discovered.

Crimes With No Statute of Limitations

New York State legislature has no statute of limitations for heinous crimes. The crimes with no statute of limitations include murder, any crime punishable by life in prison and embezzlement of public funds.

Statute of Limitations for Felonies

The statute of limitation is six years for felonies that are not punishable by life in prison, but still punishable by eight or more years in prison. For all other felonies punishable by imprisonment, the statute of limitations is three years.

Statute of Limitations for Misdemeanors

For most misdemeanors, the statute of limitations is one year.The statute of limitations is two years for a crime of sexual exploitation by a physician or therapist.

Contact a Criminal Defense Attorney in New York

If you have been accused of a misdemeanor or felony, contact Reuven J. Epstein,a criminal defense attorney in Spring Valley, NY. We have successfully defended the rights of numerous clients accused of serious crimes at the Law Office of Reuven J. Epstein.