Powers of Attorney in Thornton
Despite what some individuals throughout Colorado believe, a power of attorney (POA) has nothing to do with being an attorney or having a law degree, except that involving an attorney in the process is critical to ensure that your documents are drafted adequately and accomplish your goals correctly. A power of attorney is a document that allows you (the principal) to give power to another person (the agent) to act on your behalf.
Guidance With All Types of Powers of Attorney in Colorado
There are many kinds of powers of attorney involved in estate planning, and the differences can be confusing. To clear things up, the types are listed here:
Financial powers of attorney, also known as powers of attorney over property, are very common in Colorado when you need to give another the person the right to make financial decisions regarding your assets should you become incapacitated.
Having a limited power of attorney means that your agent can only make the specific types of decisions you want them to make for you.
Learn More About Powers of Attorney in Colorado
If the world of powers of attorney is still confusing, give us a call or contact our Thornton or Colorado Springs offices online. We are more than happy to help clear things up for you.