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Durable powers of attorney allow individuals some control

On Behalf of | Jul 9, 2019 | Estate Planning

Control is an essential element for many Colorado residents. They want to control their environment, their day-to-day activities and even their destiny. While it is not possible to have control over all future events, there are some areas you can. By planning ahead and appointing someone to hold durable powers of attorney, individuals can still maintain some control in case they become ill or incapacitated and are no longer able to make decisions for themselves.

No one knows what will happen in the future. It is possible that the individual will succumb to a debilitating illness or injury. When this happens, the individual may no longer be able to make his or her own financial or other types of decisions. If this happens, someone else will have to step in and make sure that the individual and his/her financial concerns are taken care of.

If the individual has not planned ahead and granted durable powers of attorney to a person of his/her choosing, then it may be necessary to have the Colorado court system appoint a guardian. This will solve the problem, but it is possible that the person selected will not be who the individual would want to hold such power. The only way to make sure is to appoint a trusted person to the role before it becomes necessary.

By planning ahead and appointing durable powers of attorney, individuals do retain some control over their lives even when they are unable to make such decisions regarding finances and other issues. This can provide a sense of security and peace of mind in knowing that a trusted individual will be the one responsible. An experienced elder law attorney can assist in process.