Lien waivers are pretty complex documents. It allows the people who love you to have the assurance that you have planned ahead.įind out about the other services Kate offers.Skip down to FAQs Skip down to free forms This is because anything might happen to an adult of any age that will require someone else to make decisions for them. The importance of Powers of AttorneyĮveryone over eighteen should have Powers of Attorney in place, both medical and financial. If you move to another state, check that state’s requirements. The medical Power of Attorney that I do is notarized as this may make the document more acceptable in other states. A medical Power of Attorney need not have witnesses or be notarized. In Colorado, the law does require that a Financial Power of Attorney be notarized, but no witnesses are necessary. Does a Power of Attorney need to be notarized? When appointing an agent, make sure you and they understand the scope of what they will need to do. If you have someone you trust who works in those areas, this is an additional benefit. Depending on the kind of Power of Attorney, they may need to handle your legal, financial, or medical affairs. They should also understand their duties and take those duties seriously. The most important characteristic is that your agent should be trustworthy, fair-minded, know you well, and have your best interests at heart. How do I choose an Agent for a Power of Attorney? This could be the power to sell a home or other real estate. Special or Limited Power of Attorney: Here, the agent only has specific powers, limited to a certain area or action.Springing Durable Power of Attorney: As with a Durable Power of Attorney, this form is still in force after you become incapacitated, but in this instance, it only becomes effective when a specific event occurs – such as the principal becoming incapacitated.In Colorado, the Uniform Durable Power of Attorney Act (UPOA), presumes that unless stated, a power of attorney is durable in nature and will continue if the principal becomes incapacitated. Durable Power of Attorney: This type gives the agent all of the powers of a general Power of Attorney, but also contains a durable clause that maintains the Power of Attorney after you become incapacitated.Medical or health care Power of Attorney: These give the agent the power to make medical decisions on your behalf. A general Power of Attorney ends if you become incapacitated, revoke the Power of Attorney or pass away. For example, they can open financial accounts, manage legal matters, or even business interests.
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