One of the important parts of Estate Planning in Wheat Ridge and Jefferson County is creating a durable financial power of attorney. This document allows you to choose another person to manage your finances if you become incapacitated or unable to do so yourself. Let's look at the different tasks the person you choose in your durable power of attorney will be responsible for.
When considering elder law and taking care of loved ones as they get older, plans must be made for when a loved one becomes incapacitated. In Wheat Ridge, Golden, and Arvada, there are two options for when a loved one can no longer handle their finances: durable power of attorney and conservatorship. Let's look at the differences between these two options.
While it's not something anyone loves to think about, Estate Planning is very important to give yourself and your loved ones peace of mind. If done correctly, you can rest easy knowing that everything is taken care of. However, if any mistakes are made, it could cause major issues down the road. Getting an experienced Estate Planning attorney involved in creating, finalizing or even simply reviewing your estate plan will guarantee you set yourself and your family up the way you intended.