Power of Attorney Fort Collins, CO
If you have to establish a power of attorney in Fort Collins, CO, you should consult an experienced estate planning lawyer. It’s one of the most important estate planning documents you can have and you want to make sure it’s created properly.
What a Power of Attorney Does
A power of attorney is a legal document that gives a person the authority to handle your financial and business matters on your behalf. This document comes in handy if you ever become mentally or physically incapacitated.
How to Choose a Power of Attorney
The person who serves as your power of attorney agent has a very important job, so you should choose wisely. Here are a few qualities you should look for.
- Trustworthy: First and foremost, you want your power of attorney agent to be trustworthy. You should have confidence that this person will follow your wishes.
- Communicative: It’s also important for a power of attorney agent to have good communication skills. After all, if you should become physically or mentally incapacitated, this person will have to communicate with your family members. The agent should be able to express his or her ideas in a clear and effective manner.
- Assertive: Being a power of attorney agent can include a lot of pressure and tough decisions. That’s why the agent you choose should be assertive. He or she shouldn’t be afraid to make a tough decision on a moment’s notice and support your wishes, even if there is pressure from family members.
- Close By: Ideally, you want to choose a power of attorney agent in Fort Collins, CO who lives nearby. If you should become suddenly mentally or physically incapacited, you may need this person to manage your financial and business affairs right away. It’s best not to appoint someone out of state.
Common Myths About a Power of Attorney
Before you appoint a power of attorney agent, here are some common misconceptions you should know about:
- A Power of Attorney Authorizes Medical Decisions: A power of attorney can only take care of your financial business matters, not healthcare matters. If you want someone to manage your medical decisions if you become incapacitated, you need to appoint a power of attorney agent for healthcare.
- A Power of Attorney Isn’t Necessary If You’re Young: When you’re young and healthy, you might think you don’t need a power of attorney. However, you can still endure a sudden injury or illness at your age. If you can’t manage your own affairs, you will be glad to have a power of attorney.
If you want to create a power of attorney in Fort Collins, CO, schedule a meeting with a power of attorney Fort Collins, CO today. At W.B. Moore Law, we offer free consultations after normal business hours and by Zoom.