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.

If you have questions about whether you need a power of attorney or how to properly exercise your rights under a power of attorney, call for a free initial consultation, (720) 547-2319.

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:

Power of attorney over property

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.

Power of attorney for health care

Also known as a medical power of attorney in Colorado, this power grants your “agent” the ability to make critical health care decisions on your behalf should you become incapacitated.

General power of attorney

When you give your agent a durable power, it means they can make any and all necessary decisions regarding property or health.

Limited power of attorney

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.

Durable powers of attorney

A durable power of attorney can be either over property or healthcare. Durable simply means that the individual who you grant the “power” to has the ability to act now as well as if you should become incapacitated.

Springing powers of attorney

If you only want your agent to be able to act after you become incapacitated or incompetent, you give them a springing power.

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.