A power of attorney allows you to appoint an attorney-in-fact (agent) to perform certain specified acts on your behalf. This is a statutory form that allows you to specify limited or general powers and to provide that it remains effective if you become disabled. This form may be used to grant very broad powers, including the authority to make decisions regarding property, financial, business, banking and other matters. It may also be limited in scope to only grant selected powers. This Power of Attorney does NOT provide for health care services.
Colorado Springs Colorado Statutory Durable Power of Attorney
Category:
State:
Colorado
City:
Colorado Springs
Control #:
CO-P012
Format:
Word;
Rich Text
Instant download
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How to fill out Colorado Statutory Durable Power Of Attorney?
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FAQ
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 medical power of attorney covers more than a living will.
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.
Colorado law does not require anyone to make a financial power of attorney, but having one can make difficult situations easier for you and your family. A power of attorney is your chance to say who you want to make financial decisions for you if you become incapacitated.
Generally, there are no formalities for POAs and they may be given orally or in writing. However, if the act which the Principal requires the Agent to perform has certain prescribed formalities, then the POA will need to comply with the same formalities.
In Colorado, the law does require that a Financial Power of Attorney be notarized, but no witnesses are necessary.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
A power of attorney does not take away a principal's right to make decisions. An agent simply has the power to act along with the principal in accordance with the authori- zation set forth in the document. Only a court, through a guardianship and/or conservator- ship proceeding, can take away a principal's rights.
You handle a power of attorney that requires notarization like any other document. You must require the signer (called the principal) to be physically present, identify this signer according to Colorado law and complete a full journal entry for the notarization.
Does a Power of Attorney Need to be Notarized or Witnessed? 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.
