Powers of Attorney

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Trusts

End-of-Life Planning

Estate Planning

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Powers of Attorney

Estate planning is essential, not just for the purposes of distributing assets once you are gone, but also for outlining how your estate is handled if you become incapacitated. A power of attorney (POA) gives someone* you trust the legal power to make decisions on your behalf.

A power of attorney is an essential part of estate planning for situations in which you cannot act on your own behalf or when you want to designate another person to handle a legal transaction.

Types of Powers of Attorney?

A power of attorney is a legal designation that assigns the legal right to make decisions on your behalf to a person or set of persons. A POA is sometimes referred to as an agent or an attorney-in-fact and can be a temporary or permanent designation.

There are different types of POA, such as:

Springing

Also called conditional power of attorney, this type of POA goes into effect when a condition is met, such as incapacitation due to illness or injury. Springing Durable POA grants your agent the right to make legal decisions for you once you sign the document. However, your agent retains POA even in the event of your incapacitation.

General

A general POA grants your agent the right to make legal decisions for you in almost every area, including medical, legal, and financial matters.

Medical

A medical POA gives your agent the power to make decisions regarding your health and medical care.

Financial

A financial POA allows your agent or agents to make legally binding financial decisions on your behalf.

Why Set Up a Power of Attorney?

Setting up a POA is beneficial for several reasons, including:

Handling business transactions
Selling property
Making business decisions in your absence
Take care of legal decisions due to permanent or temporary incapacitation
Handle your estate upon death

Powers of Attorney Considerations

When setting up a POA, consider the following:

Why are you designating a POA?
What areas do you want to give your agent POA over?
Who do you want to have the POA designation?
Under what circumstances will the POA be in effect?

You can give multiple people or entities a power of attorney to act on your behalf too.

It is important to designate someone you trust to be your agent in your POA, such as a trustworthy or family member capable of making sound legal decisions. If you do not assign a POA for your estate or business, the courts may have to designate an agent on your behalf.

Create your Power of Attorney With Anzen Legal Group

Setting up a POA for your estate or business helps protect your legacy and business. With a POA in place, you can avoid confusion if you become unable to act on your own behalf. Having a POA also helps streamline business transactions when you are unable to be present.

Work with Anzen Legal Group to create your POA for your business or personal estate today.

The Anzen Legal Group, represents clients throughout Colorado in communities such as Fort Collins, Denver, Colorado Springs, Boulder, Aurora, Grand Junction, Centennial, Greeley, Castle Rock, Lakewood, Broomfield, Arvada, Pueblo, Parker, Longmont, Westminster, Loveland, Thornton, Commerce City and Canon City.

Representation You Can Count On

For estate planning, business formation, or assistance with your business strategy, work with Anzen Legal Group. Our team is eager to support local businesses and their families across the Centennial State.

We also represent clients in contract disputes, family law matters involving divorce, child custody, and more. Our experienced Colorado lawyers listen attentively and provide trusted counsel for any legal situation you may encounter.

Call us at (970) 893-8857 to speak with one of our attorneys and start the process of protecting your rights, assets, and future.

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