Wills

A will can be defined as a document in which a person specifies the method in which will be applied regarding the management and the distribution of his estate after his death.

A will is a very important document that permits that person, whom is called a testator, to make decisions concerning how his estate will be managed and distributed after his death occurs.

It is important for a person to leave a will because if he doesn’t the person will have died intestate. This will result in the distribution of the estate according  to the laws of Descent and Distribution.

A will has multiple purposes. Primarily it enables an individual to choose their heirs instead of the laws of descent and distribution to select the heirs. A will grants personal choice, which is often a big decision, what person can best serve as an executor of their estate. A will also grants a person’s right to select a person to act as a guardian to raise their children if a death should take place.

In order for a will to be valid, there must be three valid components to it. First one must have a competent testator. A testator is considered to be of sound mind at the time he draws up his will.Second, the will must meet the execution requirements, often called the Statute of Wills. Third the document must be clear in that it the testator intended the will to have legal effect. These are very basic requirements and are key points in establishing a will.

Please feel free to call Andrea’s Mobile Notary to schedule an appointment for your mobile notary needs.

Power of Attorney

People often wonder about the importance of a Power of Attorney and wonder when this document will need to be exercised in there personal affairs. This is a type of document that many people will utilize when dealing with financial matters. Many situations will warrant this type of a document from buying a house, receiving settlement proceeds, handling aging family members, and even an accident or other unexpected incapacitates. It is a very common thing to need a Power of Attorney notarized.

There are two types of Power of Attorneys that require a notarization.The first one is a basic Power of Attorney. This gives someone else the capabilities to act in your name. The sphere of the power of attorney will be defined in the document itself. Power of Attorneys vary in nature. A Durable Power of Attorney is a must-have document for anyone who is concerned about long-term medical or financial situations.

The other type is a Durable Power of Attorney.If the grantor becomes incapacitated through an injury or mental illness this type of document will be utilized. It’s an unfortunate situation that some people become incapacitated as they begin to age, either from debilitating illnesses or unfortunate mental decline. When a durable power of attorney is in place family members can obtain peace of mind because their loved one will be cared for even when they are unable to approve important medical or financial decisions. A Durable Power of Attorney could grant someone the power to pay bills, and handle one’s financial affairs. It is vital not to wait for an emergency or last minute situation to occur before having the Power of Attorney prepared.

There are some very simple steps one should take during this process which will guide you and save you time and unnecessary work. The first step would be to get your Power of Attorney. It is highly recommended that you get this very important document drafted by an attorney. Take this time to utilize the skills and expertise of your attorney and get any legal questions out of the way before the notary arrives. Being that a notary is not qualified to answer legal questions and it is illegal for them to do so.  If you choose to obtain the form on line or at an office type of store you might choose the wrong type of Power of Attorney form, which may be unacceptable to the custodian of the document, or to the courts. If you elect to obtain the form on your own, please make sure the form is filled out and complete before you seek notarization.

Second step would be to find a notary. This is easy due to the fact that any notary may notarize a Power of Attorney and the various types of Powers of Attorneys. The only requirement after that would be to have a valid and current photo-ID from a government agency. If ID is expired it can not be acceptable past five years of expiration.

Third step after notarization, submit it if necessary to the particular party involved, or seek proper registration of the document. Seeking guidance from an attorney will aid you in this important step regarding your Power of Attorney. Being well advised and sensible will prevent errors and make this process run smooth.

Grant Deeds and Deeds of Trust

Listed below are two very common types of notarial acts performed in the state of California. This is a basic overview that will help to familiarize oneself with them.

Grant Deed

A Grant Deed is a very basic yet important form used to transfer title to a house or other type of real estate, from seller to buyer. Lenders and title insurers require this type of form because it lets these entities know that their property, loan or insurance policy is secure.

A Grant Deed form requires basic information such as: name of the new owner, the signature of the person who is conveying title, and a legal description of the property being conveyed by the deed.

Deed of Trust

An important fact regarding a deed of trust is that it has an advantage over a mortgage from a lender’s vantage point. If a borrower defaults on a loan, the trustee has the power to foreclose on the property on behalf of the beneficiary.

There are three parties that need to be involved in a Deed of Trust transaction according to California Law. There are as listed below.

•The “Trustor” is the person who borrowed the money.

•The “Beneficiary” is the person who is lending the money.

•The “Trustee” is the neutral 3rd party who will issue the release of the loan once it is all paid completely in full.

Andrea is also a Loan Signing Agent, can notarize Powers of Attorney and most any document or transaction. As a Traveling Notary, she’ll come to your home or office in the Simi Valley, San Fernando Valley, Conejo Valley and other local communities. She also notarizes documents in hospitals, nursing homes. Please visit our website mobilenotarybyandrea.com For fast, friendly service please call or text Andrea’s Mobile Notary at (818) 357-0208. Or email us at Andreasmobilenotary@yahoo.com

Need a Notary or Loan Signing Agent?

Need a notary or loan signing agent?

A person might wonder when closing a loan what exactly is a Loan Signing Agent or a Notary Signing Agent. What is this person’s role in this transaction? Why do they have to schedule an appointment with me in order to close my loan? These are important and common questions when dealing with various types of loan documents.

The Notary Signing Agent receives and reproduces documents for a loan signing appointment, and is responsible for making sure that the documents have been properly executed by a borrower, and notarizes the necessary forms and returns the completed documents to the entity that represents the buyer. This entity handles the closing of the loan and the legal transfer of title and ownership of the property from the seller to the buyer. Usually the loan closing is conducted by title companies, escrow companies or attorneys.

A Notary Signing Agent is not the employee of the closing agent, whom is usually a lender or a title company, but is in business independently. A Notary Signing Agent role is to facilitate the sigining portion of the transaction.This is a completely different role than that of a lender. A lender is a bank, mortgage company or mortgage banker that originates a loan and lends money. A Notary Signing Agent is considered a neutral third party, whose responsibilities when executed in a timely and proper manner enable a person’s loan to close. Without this crucial neutral third party carrying their responsibilities one could not close their loans.

Let me come to you for all your notary and loan signing needs! I service the San Fernando Valley and Los Angeles County areas, and I am always available.

Please  call Andrea’s Mobile Notary at (818) 357-0208 or send me an email.

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