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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.
If you initialed "real property," giving your agent the power to conduct transactions with real estate, you should also file a copy of your POA in the land records office (called the clerk and recorder's office in Colorado) in the county where you own real estate.
A medical power of attorney should be created with the help of your lawyer and while we encourage you to have the document signed by witnesses and notarized, this is not required in Colorado in order for the document to be legal.
The FPOA is a legal document to give authority to someone to handle your finances, such as paying your bills and working with your bank when you are unable to make financial decisions. A durable financial power of attorney is effective even when you are not able to make decisions.
A principal may change his or her mind and revoke a power of attorney at any time, so long as the principal has capacity. All a principal needs to do to revoke a power of attorney is send a letter to the agent notifying the agent that his or her appointment has been revoked.