Fort Collins Estate Planning Attorney
Many people don’t want to think about estate planning or aren’t even aware it’s an issue they should be dealing with. It’s important to realize that estate planning is more than just drawing up and executing a will. Smart planning can protect your assets, reduce the taxes your survivors have to pay, and it will also help determine what happens to all of your assets once you pass away. Estate planning can help you now. If you have a business, it can minimize your tax liabilities.
Additionally, an Fort Collins estate planning attorney can help you set up a power of attorney so that your wishes can be carried out in the event that you are no longer able to make certain decisions for yourself. Brady, McFarland, and Lord, LLC has been helping people with estate planning for decades. Contact us online or call us at (303) 420-2863 to schedule your free initial consultation.
Why You Need An Fort Collins Estate Planning Lawyer
Power of attorney is a major aspect of estate planning. Many people assume that power of attorney is just about making medical decisions if you become incapacitated. While this type of power of attorney is important, there are other types that an attorney can help you with as well. You’ve worked too hard to allow someone else to do as they please without considering your wishes. Contact an estate planning attorney in Fort Collins today so they can help you.
Financial Power Of Attorney
This is also referred to as a general power of attorney. This allows you to appoint a person who is able to make financial decisions for you. This gives them the ability to pay bills, cash checks, access bank accounts, and make any other financial-related decisions that you’ve laid out in the document.
Medical Power Of Attorney
A medical power of attorney is a legal document you create where you appoint someone to make medical decisions on your behalf. This is often created in conjunction with a living. In Colorado, medical power of attorney generally takes effect right away unless you make it a springing power of attorney.
A springing power of attorney, in this case, would mean that whomever you appointed would not be able to start making medical decisions for you until certain conditions are met. For example, a medical professional declares that you are unfit to make your own decisions. If it is not a springing power of attorney, whomever you appoint is permitted to begin making specified medical decisions for you right away. An attorney can help you lay out all of this information in the document.
Limited Power Of Attorney
A limited power of attorney is a document that grants someone the ability to perform specific tasks or make specific decisions on your behalf. You can lay out these specifics in the document. Additionally, your attorney can draw up this document in a way that the power of attorney terminates upon the completion of the tasks or on a specific date.
Let Brady, McFarland, and Lord Help You Today!
Brady, McFarland, and Lord, LLC want to help you with all of your power of attorney and other estate planning needs. With over 30 years of experience, our law firm has developed a process that allows us to be efficient without sacrificing the personal touch. We have all the knowledge and resources you need, and we will always treat you with respect and compassion. Contact us online or call us at (303) 420-2863 to schedule your free initial consultation.