A primary goal of estate planning is to have documents in place that protect an individual or their family members in the event of an emergency or tragedy. Many estate plans include powers of attorney. These crucial documents allow someone that a person trusts to...
A power of attorney is a legal designation that empowers someone else to act on your behalf under very specific circumstances. It can be set up so that they have the legal right to make financial decisions, medical decisions and even decisions on behalf of any...
When you draft a power of attorney, you empower another individual to make decisions on your behalf in the event that you are incapacitated due to illness or injury. Generally, power of attorney designations are used for two specific purposes. A power of attorney may...
When it comes to estate planning, one fundamental aspect of it is having in place a power of attorney. The purpose is to make sure that you’re looked after both financially and medically when you are no longer able to do so yourself. Often the first person that comes...
It pays to be proactive in life, especially when it comes to planning your estate. With a properly executed estate plan, you can have peace of mind knowing that the wealth you’ve worked your entire life to build will be managed according to your wishes after you’ve...
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...
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...
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...
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...
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...
