Power of Attorney Lawyers in Colorado
A power of attorney authorizes one to act on another's behalf in legal, unusual or business matters. A power of attorney is useful when a person's capacity to look after their own affairs is diminished. Our elder law attorneys at Jorgensen, Brownell & Pepin, P.C. can draw up powers of attorney that will make sure family business decisions are made by the family. In order to properly create a power of attorney, the principal and agent must have the legal capacity to create the relationship. Additionally, the principal must be competent to designate a person as their agent.
Why Appoint a Power of Attorney?
Under Colorado Revised Statute § 15-14-700, a power of attorney has significant power to manage your finances in the event that you are unable to. Appointing a durable power of attorney for your finances can help preserve the value of your estate so that it will be available to help meet the needs of you and your family while you are alive.
Financial Power of Attorney Details
Financial power of attorney can include:
- The power to buy, sell, manage, and borrow against any and every kind of property that you own
- The power to enter into real estate transactions of any and all types
Our estate planning attorneys can prepare the documents necessary for a power of attorney and customize it to fit your needs.
For Medical Power of Attorney Assistance, Call Jorgensen, Brownell & Pepin, P.C.
For a durable power of attorney for health care, it is important that the health care agent needs to be in a good position to exercise substituted judgment for the principal and thus should have a solid grasp of the principal's attitudes, the quality of life the principal would find acceptable, and the principal's religious beliefs and philosophy of life.
Generally, an agent has no authority to make health care decisions on behalf of the principal until the principal is unable to make health care decisions. Our attorneys will also discuss with you how the Health Insurance Portability and Accountability Act (HIPAA) affects your medical power of attorney. HIPAA restricts a health care provider's disclosure of protected health information. A medical power of attorney established prior to the enactment of HIPAA will likely be ineffective. Our attorneys can prepare the documents necessary for a power of attorney and customize it to fit your needs.
The services that John Konz at Jorgenson, Brownell & Pepin provided to myself and my family were invaluable. Their responsiveness, professionalism, understanding, and commitment to our needs were immeasurable.