A financial power of attorney allows someone to make financial decisions on your behalf. This person can pay bills, access your bank accounts, cash checks, and make other monetary decisions that you would normally do yourself. The scope of what an agent can and cannot do is restricted to what you have written in the document. If you have questions about how our Timnath, CO financial power of attorney can help you protect your preferences in the event of unexpected incapacity, contact Attorney W.B. Moore at W.B. Moore Law now for further assistance.
Financial Power Of Attorney Timnath, CO
If you become incapacitated or disabled, the agent you appoint in advance can assume control of your finances immediately. If you do not have a power of attorney, your family members may have to go through a costly conservatorship or guardianship action, where they have to wait for a judge’s approval. Who you choose for your Timnath financial power of attorney should be a person you trust to handle your finances based on your instructions. This person must have psychological capacity to hold a power of attorney role. You may want to consider practical aspects, such as the individual’s location and reliability to travel within short notice.
A financial power of attorney takes effect as soon as you become incompetent. This document is useful in case you undergo general anesthesia, have a stroke or other condition that renders you unable to communicate, are in an accident that leaves you in a state of unconsciousness, or are experiencing dementia or Alzheimer’s disease that impairs your ability to make logical decisions for yourself. If you become too ill or disabled to manage your financial affairs, your relatives can make choices on your behalf. If you do not have a financial power of attorney, it can be time-consuming and expensive to request an approval from the court. Furthermore, the person appointed by the court may not be who you would have chosen.
Why Experience Matters When Devising A Financial Power Of Attorney
During difficult circumstances, your financial power of attorney can ensure certain wishes are carried out and that your relatives do not have undue stress during an already challenging situation. We recommend consulting with us for help because:
- Our clients would say that Attorney W.B. Moore is efficient, navigated details smoothly, and didn’t delay in handling a complicated matter.
- Even with his dedication to his practice and clients, he makes time for his family which matters the most.
- We offer free consultations to new clients! Please contact us now to take us up on this complimentary service.
If you would like advice regarding a financial power of attorney, we are here to help! Attorney W.B. Moore is happy to assist you with creating a Timnath financial power of attorney that benefits your best interests. Reach out to us at W.B. Moore Law for the support you need!