Type In Legal Colorado Financial Checkup Forms For Free

The two most common advance directives for health care are the living will and the durable power of attorney for health care. Living will: A living will is a legal document that tells doctors how you want to be treated if you cannot make your own decisions about emergency treatment.

The most common types of advance directives are the living will and the durable power of attorney for health care (sometimes known as the medical power of attorney). There are many advance directive formats.

These legal documents allow you to designate a trusted person to make financial and health care decisions for you. A power of attorney is used if you become incapacitated and unable to make decisions yourself. If you do not yet have a power of attorney, the sooner you remedy the situation, the better.

Any adult, who understands what he or she is doing, can create a Power of Attorney by writing down the name of the person he or she wishes to designate as an agent, and include exactly what he or she wants the agent to do. Once the document has been prepared, it should be notarized.

A Medical Power of Attorney generally gives an agent the authority to make medical and personal decisions. A Financial Power of Attorney gives an agent authority to manage the principal's finances and property and to transact business on behalf of the principal.

A Colorado durable power of attorney form allows someone you choose as your agent to make crucial financial decisions for you when you're unable to do so. A durable power of attorney, unlike a regular POA, stays in effect even if the principal becomes incapacitated and legally can't make their own decisions.