Financial Power of Attorney Fort Collins, CO
If you want to create a financial power of attorney in Fort Collins, CO, you should speak to an estate planning lawyer. The legal document allows a person of your choosing to handle your financial matters if you become incapacitated during your lifetime. Having this document can help you avoid financial disaster.
What Your Agent Can Do
The person you appoint as your financial power of attorney agent will be able to handle many types of financial matters, from real property transactions and banking transactions to tax matters and government benefits. Your agent can do as much or as little as you want him or her to do.
How to Establish a Financial Power of Attorney
There are several steps involved in creating a financial power of attorney. If you wish to establish this document, follower these steps:
- Figure Out If You Need One: The first thing you have to do is determine if you actually require a financial power of attorney. In certain situations, you may not need one. For instance, if all of your assets are also in your spouse’s name, a financial power of attorney may not be necessary. If you have a trust that appoints a trustee to manage your assets, you may also not need this legal document.
- Select an Agent: If you determine that you do indeed need a financial power of attorney in Fort Collins, CO, you have to choose the right agent. This is a big responsibility, so you don’t want just anyone to take on the role. Ideally, the agent should be trustworthy, responsible, communicative and assertive.
- Consult a Lawyer: A financial power of attorney is a complex legal document, so you should work with a skilled estate planning lawyer. He or she will help you establish a valid financial power of attorney that clearly states your wishes. With a lawyer on your side, you will have peace of mind knowing that there are no errors in your document.
- Review the POA Periodically: Your circumstances can change throughout your life. That’s why you should review your financial power of attorney from time to time. For example, if the agent you named can’t fulfill the role anymore, you have to make the appropriate changes.
If you want to establish a financial power of attorney in Fort Collins, CO, you should schedule a consultation with our lawyer at W.B. Moore – Attorney at Law. We offer free consultations after normal business hours and by Zoom to make it convenient for you.
Financial Power of Attorney
When you need financial power of attorney Fort Collins, CO legal services for your estate plan, you can look to a lawyer for help. Picking a financial power of attorney can be hard to do on your own, as an experienced estate planning lawyer can tell you. If you are deciding how to include a financial power of attorney in your estate plan, you may want to talk to a trusted lawyer that you can count on to provide you with quality legal assistance and aid in your decision making. If you are in need of legal assistance, you should contact a lawyer right away to schedule a consultation.
Why Hire an Experienced Lawyer
Hiring an experienced, qualified lawyer is one of the best choices that you can make if you are dealing with matters such as choosing a financial power of attorney. Any situation that involves estate planning law should be treated carefully and considerately. The purpose of a financial power of attorney is to help your loved ones be more equipped to make appropriate medical care decisions that are in your best interest. It is best to hire a lawyer if you are confused about how to establish a financial power of attorney or you need assistance with gathering the documents and other information that you need to choose one.
Create Your Estate Plan Now
Putting off your estate plan can make it much harder for you to protect your assets and wealth later. If you have an estate plan, you can ensure that your wishes will be respected, your assets are protected and that you can efficiently pass them down to your loved ones and any organizations that you want. Rely on a trust lawyer to assist you with the process so that you can have peace of mind.
Legal Assistance is Available
Choosing a Fort Collins financial power of attorney is an important part of making an estate plan that allows you to explain your medical care preferences to your loved ones. Without one, your loved ones may have a difficult time trying to figure out how to best care for you when you are unable to express your needs and values regarding your health and the future of your estate. You need to address your estate planning goals right away if you want to be prepared for the future, especially when it’s a time-sensitive matter. Taking the right steps like getting a consultation immediately can make all the difference. With the help of a trusted and experienced lawyer to offer their trusted counsel regarding your estate plan wishes, you can be confident that you can build an estate plan that reflects your needs and values. Find out how you can speak with a qualified lawyer to choose a Fort Collins financial power of attorney in your area now.
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