A durable power of attorney is a relatively easy and inexpensive way to allow another person to handle your legal and financial affairs should you become incapacitated. It allows you to transfer decision-making power without disrupting your estate plan.
There are benefits to having a lawyer draft a durable power of attorney. A qualified attorney will be familiar with the state-specific requirements. An attorney can draft the document to meet your needs and clearly articulate your desires and intentions.
Properly drafted, a durable power of attorney can give you the flexibility to plan for government benefits such as Medicaid. For example, the attorney-in-fact can be given authority to transfer the principal residence to your spouse if you need to be in a nursing home or require government assistance.
At Meurer Law Offices in Denver, we will provide you with comprehensive estate planning advice. From living wills to revocable living trusts to durable power of attorney to charitable planning and more, we can help you plan for the future while still enjoying your success today. For estate planning advice in Denver, call Meurer Law Offices at 303.991.3544.