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Steps for Making a Financial Power of Attorney in Colorado Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office.
A Colorado Power of Attorney (PoA) is a legal document that grants a trusted person or organization permission to handle legal and financial affairs on your behalf, such as accessing your bank account, selling property, and signing contracts.
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.
Colorado law does not require a power of attorney to be witnessed or notarized. Despite the law, it is considered best practice to have the document signed, notarized, and witnessed by two people. Why? The signature is presumed to be genuine if the power of attorney is notarized.
A Colorado durable statutory power of attorney form lets a person select anyone of their choosing to handle financial affairs on their behalf. The person selected as their agent will hold this title until the death of the principal unless revoked.