Powers of Attorney

Powers of Attorney are the most underrated legal documents. It seems to be common knowledge that “everyone needs a Will” but many people don’t know that Powers of Attorney are even more important for the majority of people.  Without a Will your estate will usually be divided among your decedents under Colorado law…just like the vast majority of all Wills say. While a Will only takes effect after death, Powers of Attorney cover you while

When Do You Need A Guardianship Or Conservatorship In Colorado ?

  Too often, individuals do not plan for illness or incapacity and have not executed proper medical or financial directives such as a durable medical power of attorney or a durable financial power of attorney. A power of attorney is a document that is executed by a competent person which gives a nominated agent the authority to manage all or some of a person’s medical or financial affairs. A power of attorney is “durable” if

When Do You Need A Guardianship Or Conservatorship In Colorado ?

Too often, individuals do not plan for illness or incapacity and have not executed proper medical or financial directives such as a durable medical power of attorney or a durable financial power of attorney. A power of attorney is a document that is executed by a competent person which gives a nominated agent the authority to manage all or some of a person’s medical or financial affairs. A power of attorney is “durable” if it

Why is a Durable Power of Attorney Necessary?

Sometimes I am asked what planning documents are most important, and people are often surprised when I first mention the need for powers of attorney. A Power of Attorney (POA) is a legal document that appoints a person to act as your “agent” in your absence or when you are unable to act for yourself. Depending upon how the document is drafted your agent can be authorized to make financial and health care decisions for

Has Anyone Seen My Exit File!

As a Geriatric Care Manager, I have the honor of meeting so many interesting and different people! I always believe we can teach each other something new. One of my most recent lesson was on organization and humor. I was asked to help a couple with some organization of their legal and financial matters. This couple referred to their current filing system as their “Exit File”! This is a wonderful and to the point title

“Is Your Estate Plan “All Set”?”

Do you have a Will or a Trust?  Power of Attorney?  Healthcare Power of Attorney?  Living Will? If so, great.  Here is a really important question: when was the last time you reviewed and updated your estate planning documents?  For a significant portion of the population, the answer is unfortunately “I can’t recall.” My favorite story about “old” estate planning documents involves a neat couple in their 80’s from southeastern Colorado.  At our first meeting