This month we’re premiering two new videos on topics worth understanding well to ensure a successful closing: Inter-vivos Revocable Trusts and Closing a Loan Utilizing a Power of Attorney. The first video highlights several considerations to review when closing a loan in the name of a trust, such as whether the trustees have the authority to execute the loan on behalf of the trust.
The second video covers the main elements of using a POA when closing a loan. As an example, you will want to ensure the appointed agent is, in fact, allowed to act as an agent. For more information about Revocable Trusts and POA, click on the link for a refresher on these subject, and always feel free to reach out to our legal team if you need clarification or additional information.
By the way, be sure and check out our Resources page on the Black, Mann & Graham website for tools to stay current on rules and regulations that govern our business. If you like, you can also join our mailing list to receive our Clients and Friends memos sent directly to your inbox, for timely overviews, thoughts, and interpretations from us on relevant industry topics. Here’s a link to our latest:
Texas Legislative Update IV – House Bill 2237 Revises Chapter 53, Property Code, Relating to Mechanic’s, Contractor’s, and Materialman’s Liens