A durable power of attorney is often created in the estate planning process. It is a valuable tool to make sure that loved ones and family will have a firm plan for preserving assets in the event a person becomes incapacitated and unable to make their own decisions.
What Is A Durable Power Of Attorney?
A power of attorney is a document, which allows you to designate an agent — often a spouse, close family member or trusted friend — to act in your place. It usually applies only in the event you become unable to make your own decisions.
Which Decisions Can Be Made With A Durable Power of Attorney?
The document can be drafted to grant decision making authority in all major areas of your life, or may be limited to include only specific issues. For example, you may authorize your agent to sell your house for you. Typically, a durable power of attorney allows your agent to make all financial and medical decisions.
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Contact the Denver, Colorado, office of Littman Family Law today by calling 303-832-4200 or by sending us an email.