Few people fully understand fiduciary duties in the context of trusts, estates, guardianships, conservatorships and similar matters. This is because they generally do not have to handle these duties on a daily basis.
For Colorado residents planning their estates, there may be concerns about empowering a representative to make certain legal or financial decisions as needed under certain conditions. While a power of attorney is used to designate such a representative, the type of power of attorney selected affects the types and timing of decisions to be made by that individual.
Colorado residents should all have four basic documents in place in case of serious injury, sickness or death.