We Can Help with Power of Attorney, Wills & Trusts
Planning for your future is a serious matter. At The Pearman Law Firm, our lawyers will carefully consider your particular needs and circumstances so we can provide you with an estate plan that meets your goals. We serve families of all income and asset levels in Wheat Ridge, Lakewood, Arvada and other communities in the Denver metropolitan area.
An estate plan consists of many individual components that work together to protect your assets and your beneficiaries. Those components include:
- Will: A will is a simple document that designates which family members or others you want to have your property, money and sentimental objects after your death. Without a will, state law determines what happens to your possessions. In your will, you choose who will be your representative and how your wishes will be carried out. You can revise your will at any time in the future as your personal circumstances change. A will is a personal document that is not filed with the county until the person's death.
- Guardian: A will also provides a way for you to name a guardian for your minor children in the event of your death. Without a will, the court decides who will raise your children.
- Living trust: A living trust is a document that allows you to transfer your property during your lifetime to provide for asset management in the event of your incapacity, as well as upon your death. Property transferred to a living trust will not be subject to probate. You can alter your living trust anytime during your lifetime and even revoke the entire trust if you choose.
- Medical power of attorney: A medical power of attorney allows you to appoint someone as your agent who can make medical decisions for you if you cannot do so. This document also gives that person (your agent) access to your medical records.
- Durable power of attorney: By creating a general durable power of attorney, you appoint someone as your agent who can conduct your financial and business affairs on your behalf during your lifetime. This document can be effective upon your incapacity or immediately as a matter of convenience for you.
- Advanced Medical Directive (Living will): In Colorado, this document instructs your medical providers to withdraw life sustaining measures in the event that you are 1) in a coma; 2) unable to communicate for seven days or more; and 3) in a terminal condition that has been certified by two doctors. If you are only receiving artificial nutrition, you can choose if you want to continue it and for how long. You can also specify specific desires as to end of life decisions such as living with family members or not, implementing a DNR (do not resuscitate order), and defining what, for you, would be quality of life. This gives you a say toward that time in your life and informs your loved ones of those specific desires.
- Elder Law: Abuse of the elderly is a growing problem in this country. Abuse may be physical, but often is emotional or mental in nature. Various forms of elder abuse include physical (bodily harm causing pain or bruising; unreasonable confinement or restraint), sexual, caretaker neglect, and financial exploitation.
Colorado has mandatory reporting laws. The list of those required to report elder abuse is long and includes, but is not limited to, medical personnel, mental health professionals, court appointed guardians or conservators, emergency medical service providers, and clergy. However, anyone who suspects abuse of an elderly person may report that abuse to law enforcement.
For more information on identifying and reporting abuse of the elderly, please click here.
For More Information About Estate Planning
To talk to our Arvada estate planning attorneys, call 720-259-9528 for a free initial phone consultation.