Rarely do I give 5 stars but Attorney Kevin Strait answered all my questions about starting my business and helped me analyze my start-up costs. He’s incredibly knowledgeable and made my life so much easier.
Seriously impressed.
Estate Planning
WRITE TO US
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.
Testimonials
I call Kevin with Anzen Legal for all of my aviation business’s legal needs. His advice was invaluable to my business start-up process.
Attorney Kevin Strait did an amazing job to help us get out of an urgent predicament that required immediate action over a weekend in a complex matter. He was extremely responsive to our needs and his counsel was spot on and helped resolve the situation within less than 72 hours. Highly recommended!
Kevin, one of the attorneys, does a great job explaining how the law works for me and against me whenever I have a business question.
Kevin at Anzen Legal helped me avoid some legal pitfalls in my industry association meetings. He does a great job applying legal knowledge to the real world of business.
One of the attorneys, Kevin Strait, walked me through all my options for starting a non-profit. He was able to boil down the process to the essential things I needed to know.
The team at Anzen are without a doubt the best I have worked with. Not only are they competent, professional, and knowledgeable, but they are the 1% of attorneys that the 99% are giving a bad name to. Do yourself a favor, and place all your legal affairs in their capable hands. I didn’t regret it and neither will you.
I have had the privilege to work with Mr. Strait on both personal and professional levels, and I have a deep level of respect for him in both areas. Mr. Strait is a competent attorney which is further enhanced by his prior engineering and business experience. What I most deeply respect about Mr. Strait is his integrity and his care for people as individuals, and I consider him heroic in both. I continue to rely on his services, and I commend him to others as well.
