Powers of Attorney FAQs (Pt. 1)

February 25, 2015 Posted In Powers of Attorney
by Colorado Estate Matters

Powers of attorney can be effective and necessary estate planning tools, as they protect people in the event of incapacitation in the future. Given that there are different types of powers of attorney, and that the best options for someone will depend on his situation, in this three-part blog series, we will respond to some of the most commonly asked questions about powers of attorney.

When you are ready to move forward in developing powers of attorney or resolving any estate planning issues, you can turn to a trusted and experienced Denver estate planning attorney at Colorado Estate Matters, Ltd. Our lawyers and legal staff are dedicated to helping people protect what matters most to them while helping them achieve the best possible outcomes to all of their estate planning and probate matters.

Answers Regarding Powers of Attorney

Q: What are powers of attorney?

When you need answers about powers of attorney and how they can help you, check out these FAQs.  Please contact our Denver estate planning attorneys for more advice.

A: Generally speaking, powers of attorney are legal authorizations granting a certain person the right to handle particular aspects of your life. The idea is that, if you are ever incapacitated in the future and you cannot oversee certain important elements of your life, the person to whom you have granted a power of attorney (i.e., the agent or fiduciary) will legally be allowed to handle these affairs on your behalf.

Powers of attorney can vary in scope, and they generally include:

• Medical powers of attorney, granting authority to make decisions regarding health care
• Financial powers of attorney, which authorizes an agent to oversee various financial affairs
• Limited powers of attorney, which can pertain to financial and/or health care matters but generally only focus on a single or a few elements (i.e. only grant limited power/authority).

Q: How do I create powers of attorney?

A: By contacting an experienced Denver estate planning attorney at Colorado Estate Matters, Ltd. today. While it may be possible to put some powers of attorney in place on your own, doing this without the help of a lawyer can result in forgetting about various factors or protections you may need to include in the official powers of attorney documents. This can end up creating further challenges in the future (and may end up having impacts that are similar to those that would occur if no such powers of attorney were in place).

Make sure you put the protections in place that you really want and need by working with us to develop powers of attorney.

You can get some more answers regarding powers of attorney in the two additional parties of this blog series that will be published soon. Be sure to look for them.

Contact your Denver Estate Planning Attorneys at Colorado Estate Matters, Ltd. about powers of attorney today.

Are you ready to put some powers of attorney in place? If you can turn to a trusted estate planning attorney at Colorado Estate Matters, Ltd. We provide a thoughtful, comprehensive approach to our clients’ estate planning need.  We are ready to help you efficiently navigate the complexities of the law so you can develop effective, prudent solutions that will protect you, your assets and your families in the future.

Contact Us

We can discuss your estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.

From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village, Englewood, Centennial, Wheat Ridge, Golden and Arvada.