How Powers Of Attorney Work
The general durable power of attorney will designate someone to handle your finances, if you are ever unable to do so. A medical power of attorney is equally important, naming someone to make medical decisions on your behalf.
At The Law Firm of Bruce A. Danford, LLC, we have many years of experience with these estate planning directives. From our convenient Broomfield office location, we can assist you anywhere in the neighboring areas of Colorado.
Medical Power Of Attorney: Making Health Care Decisions For You
A medical power of attorney is an important document whereby a person is able to designate who may act on their behalf if they are unable to make their own decision regarding health care. Although it’s wise to have a living will in place, there are many minute-by-minute decisions that can only be made by someone on the scene. This is where the medical power of attorney comes into play.
We draft Health Insurance Portability and Accountability Act (HIPAA)-compliant medical powers of attorney to protect our clients’ wishes regarding health care.
General Power Of Attorney: Handling Financial Matters On Your Behalf
A general power of attorney covers when someone else may act on your behalf if you are unable or unavailable to act on your own behalf. These powers may take effect immediately or upon the occurrence of a certain event such as incapacity.
Having a general power of attorney in place is particularly important when you think about how many financial transactions need to occur on a daily basis. If you are in a coma, for instance, who will write out your monthly mortgage check? Who will pay the electric bill? Who will transfer funds from one account to another as needed?
At The Law Firm of Bruce A. Danford, LLC, we draft complete and thorough documents that are accepted by brokerage firms, banks, financial institutions, the IRS and other entities with which you may need someone to interact on your behalf in case of an emergency.