Power of Attorney Lawyer in Broomfield, CO
You should create power of attorney plans while you can still make decisions. Have a medical agent who can approve medical treatment. Appoint a financial agent who can take care of paying bills and managing your banking. You can better understand the considerations with the help of a knowledgeable power of attorney lawyer in Colorado.
We recognize that no two families’ circumstances are the same. When you call The Law Office of Clark Daniel Dray, you can expect personalized legal advice tailored to your case. We work closely with you to determine the most effective approach to achieving your objectives. Our trusted POA lawyer at Broomfield county helps people feel at ease knowing you have a plan for the future. Schedule an assessment with our law firm right away.
Why do I need a POA lawyer in Colorado?
The Law Office of Clark Daniel Dray knows how crucial it is to formulate a strategy in which you are confident. Rest easy when you let our trustworthy POA attorney in Broomfield, Boulder, Denver, Littleton, and Louisville, set up your power of attorney for you. Contact us now to get started!
What is the Power of Attorney?
What are the types of Power of Attorney?
Durable Power of Attorney
A financial power of attorney provides your agent the power to manage your finances if you are no longer able to. For instance, your agent may use a financial POA to manage your retirement account, submit your taxes, and deposit Social Security checks on your behalf.
For Health Care
An agent may handle your medical care with the help of a health care or medical power of attorney. There are several names for this text. It may also be referred to as a “health care directive,” “health care proxy,” “advance directive,” or another similar word in some states.
Whether you want someone to handle your financial affairs or healthcare decisions, it’s best to ask an attorney. Call our esteemed law firm today to talk to someone who knows about POA.
Non-Durable (Limited or Special) Power of Attorney
Springing Power of Attorney
A springing POA may appear appealing, but it may have logistical problems. Generally speaking, using a durable financial POA that names an agent you absolutely trust and specifies that it should only be used in the event of incapacitation is the wiser course of action.
Which Documents Are Required for a POA?
- Information about how to reach the designated agent
- Names and DOB of the minor or ill adult listed in the POA
- Dates of POA activation, or you can choose to make it active if the parents or adult become incapacitated
- Contact details for additional guardians to contact the parents while they are gone
Get in touch with our experienced Colorado POA lawyer at the Law Office of Clark Daniel Dray to help you prepare for power of attorney.
Why Would I Need Power of Attorney?
When families are abandoned, someone must be able to act on their behalf if they ever become incapable. A POA may also be established if the person will be traveling extensively and needs someone to manage their affairs while they are away from home.
How Can I Make a Power of Attorney?
A power of attorney requires you to designate an agent (and alternate agent, if you have one). Then, you’ll check or put an initial next to each of the specific powers you want to grant your agent. As just a few instances of these powers for a financial POA:
- Filing taxes and making a payment
- Obtaining benefits from government programs like Medicare, Social Security, or other
- Dealing with bank and other financial institution transactions
- Taking charge of your retirement funds
- Buy, sell, or lease real estate on your behalf.
- Withdrawing life-extending measures when you are about to die
- Approving the donation of organs, tissues, or bodies
- Approving the handling of your remains
Signatures, Notarization, and Witnessing
- At the front of a notary public, sign the POA.
- In the presence of two witnesses, sign the POA.
- In front of both a notary public and two witnesses, sign the POA.
Putting Copies of POA on File
When Are the Start and End of a Power of Attorney?
It is no longer in effect if you renounce the POA or pass away. A few other situations could render your POA ineffective. For instance, in some states, any designation of your former spouse as your agent is automatically revoked if you are divorced.
Can You Assist a Loved One in Creating a POA?
In Colorado, who may be designated as an agent or attorney-in-fact?
Colorado permits you to appoint concurrently acting co-agents. However, it’s normally best to use only one agent to reduce conflicts. It’s always a good idea to choose a “successor” agent-an alternative who will represent you if your initial pick isn’t accessible for any reason-as it provides a safety net.
Call our Power of Attorney Lawyer Now!
Call the Law Office of Clark Daniel Dray to schedule a consultation with a trusted estate planning attorney specializing in powers of attorney in Colorado. We serve clients in some areas of Colorado, especially those in Broomfield, Boulder, Denver, Littleton, and Louisville.