It is not uncommon for older people in Jefferson to develop health conditions as they age. However, many of them do not take their health into account when they are making their estate plans. They might be so concerned about dividing their estate up fairly, that they forget to add instructions regarding their care if they were to become severely ill or incapacitated. Once people become severely ill or incapacitated, they lose their ability to make medical decisions for themselves. People should take some time to make decisions about their end of life care needs now, so their families and loved ones will not be burdened with them.
Unfortunately, many people do not understand what a power of attorney is or how it will affect them until they are in a situation in which the absolutely need one. However, everyone should at least have a basic understanding of how power of attorney works and what responsibilities are held by a power of attorney. Power of Attorney refers to a legal document which gives one person the legal authority to act in financial and legal matters on behalf of someone else.
Financial exploitation is a becoming a major problem for many seniors in Colorado. At the Law Offices of Karen Brady, P.C., we understand that many seniors who have powers of attorney are interested in learning how to protect themselves from financial exploitation. We recommend for them to carefully examine their options and take the following factors into consideration when choosing their POA.
When taking care of estate planning affairs in Colorado, it is important for people to designate someone to act as their power of attorney for finances should they ever become incapacitated or incapable of making sound financial decisions.
Hospital dramas and police procedurals paint a vivid, but ultimately simplistic, image of emergency hospital care. The heroic doctor knows exactly what diagnosis to make and which actions to take to save the patient's life at the last possible moment. The intrepid nurse helps the patient change their views on mortality and relationships, all because of their competing views on DNR orders. CPR nearly always saves the patient's life. In "The New DNR/ POSLT: The Real Deal on End-of-Life-Wishes," Shay Jacobson and Martha Kern suggest that the reality of DNR is much more complex and controversial. According to Jacobson and Kern, recent changes to DNR documents have greatly reduced the miscommunication caused by DNR, but some questions still remain.
It can be hard to watch the people whom we love grow older, especially when aging leads to health troubles and issues like dementia. Seeing a parent or other loved one's physical and mental capacity diminish can be difficult emotionally, but emotions should not get in the way of trying to protect the best interests of a parent's estate -- their hard work.
When people hear the term fiduciary, they tend to either think of trust, or broken trust. Both are equally real experiences in the world of probate court. In fact, over the summer Colorado senators Laura Woods and Pat Steadman held a hearing in which the disgruntled families of deceased individuals’ shared their stories about the difficulties of probate, as well as their suggestions for improving the system.