One of the most important documents in your estate plan may be your advance health care directive. In Colorado, there’s more than one type of form you can use for this, including a living will. Regardless of the document(s) you choose, it’s crucial that you make your...
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Powers Of Attorney
3 reasons to change the agent named as a power of attorney
Those who want to protect themselves and their families from unforeseeable emergencies often add living documents to their estate plans in addition to testamentary documents. For example, powers of attorney designations are beneficial for those who worry about who...
What are the most desired traits for a POA?
When you’re making your estate plans, a critical part of the decisions you need to make is who you should grant your powers of attorney (POAs). Your power of attorney is someone you give the right to make medical or financial decisions (or both) for you in the event...
2 things to discuss with your medical POA
Estate planning isn’t only focused on what happens to your assets or your remains after you die – it’s also about what could happen if you’re suddenly incapacitated due to an illness or injury. It’s not at all uncommon for someone to need their medical power of...
How does a power of attorney work?
When you are physically or mentally incapacitated, you need someone to handle your affairs and make decisions for you. Many assume that their family members will automatically take over this role. However, without proper legal authorization, it may not be so...
How can you prevent people from misusing a power of attorney?
If there is one reason that the average person doesn't have a power of attorney, it is probably that signing away some of their authority makes them nervous. Many people don't like the idea of giving someone else the power and legal authority to make their medical...
What is a financial power of attorney?
There are many components in a comprehensive estate plan. While many people think about the will and trusts, the power of attorney designations should receive equal attention. As part of your estate plan, you need to establish a financial power of attorney...
Why you can’t overlook the benefit of a durable power of attorney
The idea of giving someone else control over your finances and medical decisions may not appeal to you. Giving up your personal sovereignty and entrusting your health and financial well-being to someone else requires a lot of faith in that person's decency. Concerns...
What to look for in an agent for your financial power of attorney
You have a lot of decisions to make when creating a financial power of attorney, including who you’ll name as your agent. Your agent is the person who will step in and carry out your wishes in the event that you’re unable to do so. Since this is such a big...
The ‘hot powers’ of a financial power of attorney
A financial power of attorney is a crucial legal tool for anyone with even modest monetary considerations. With a financial power of attorney, you – the principal – name an agent to handle financial and business transactions on your behalf.It is a role...