A financial power of attorney is a legal document authorizing someone you trust to make financial decisions in your best interest on your behalf. This can include paying bills, accessing bank accounts, and managing investments.
No, a power of attorney in Colorado doesn’t need to be notarized or witnessed to be legal. However, having your power of attorney notarized and witnessed is generally considered best practice, as it can offer evidence of the document’s authenticity if there are challenges.
A medical power of attorney is a legal document that appoints someone you trust to make medical decisions if you cannot. This person, known as your agent, is authorized to make crucial decisions regarding your care, such as whether to continue life support or to approve specific treatment plans. Having a medical power of attorney in place can ensure your wishes are followed while avoiding potential family conflicts during challenging moments.