Colorado Power of Attorney Forms - Power Of Attorney Form Colorado
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General and Statutory Power of Attorney Forms Colorado Power Of Attorney Forms
- Statutory Durable Power of Attorney
- General Durable Power of Attorney for Property and Finances Effective upon Disability
- General Durable Power of Attorney for Property and Finances Effective Immediately
- Agent's Affidavit that Power of Attorney not Revoked
Living Will and Health Care Power of Attorney Forms Colorado Poa Form
Child Care Power of Attorney Power Of Attorney Colorado Forms
Limited or Special or Vehicle Power of Attorney Durable Power Of Attorney Colorado
- Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller
- Limited Power of Attorney for Stock Transactions and Corporate Powers
- Limited Power of Attorney where you Specify Powers with Sample Powers Included
- Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser
- Power of Attorney for Sale of Motor Vehicle
- Special Durable Power of Attorney for Bank Account Matters
Other Power of Attorney Forms General Power Of Attorney Colorado
- Donation Pursuant to the Colorado Uniform Anatomical Gift Act
- Revocation of General Durable Power of Attorney
- Revocation of Statutory Power of Attorney
- Revocation of Medical Durable Power of Attorney
- Revocation of Power of Attorney for Care of Child or Children
- Revocation of Anatomical Gift Donation
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Power of Attorney for Colorado Colorado Poa
A power of attorney allows an agent to act on your behalf based on the terms of the document, whether a General Power of Attorney, Limited Power of Attorney, Child Care Power of Attorney or others.
Colorado Uniform Power of Attorney Laws Power Of Attorney Forms Colorado
The Colorado Revised Statutes allow you to make a power of attorney (POA) that names another, called the agent, attorney-in-fact, or personal representative, authority to act on your behalf. As the maker of the document, you’re called the principal or grantor. When you can’t handle a matter personally, due to absence, illness, disability, military service, or other reason, this document is a valuable legal tool. It can also save much expense and time if a guardianship needs to be created because didn’t appoint an agent before becoming physically or mentally incapacitated. We’ll explain some key provisions of the law below:
When you create a durable power of attorney, it stays effective and won’t automatically lapse if you later become incapacitated. Colorado laws assumes that your form is a durable POA, unless you specifically state that it will be terminated by your incapacity. Colorado Revised Statutes Section 15-14-704
If you sign the document in front of a notary public and have it notarized, your signature will be legally presumed to be authentic if its authenticity is ever questioned. If you’re unable to sign your name, you can instruct another person to sign your name in your presence. Colorado Revised Statutes Section 15-14-705
If a guardianship or conservatorship becomes necessary, you can use your power of attorney to name a preferred guardian or conservator. The court will typically appoint this named person, unless good cause to disqualify him or her is proven. Colorado Revised Statutes Section 15-14-708
You can revoke your power of attorney at any time or state a certain date or contingencies upon which it will terminate. A POA will terminate automatically if:
- The principal dies.
- The agent dies, resigns, declines to act, or becomes incapacitated, and no successor is named.
- The principal and agent are married and an action for divorce, annulment, or legal separation is filed, unless the POA states otherwise.
- The stated purpose of the document has been accomplished.
- The principal becomes incapacitated and the form is a nondurable power of attorney. Colorado Revised Statutes Section 15-14-710
A POA takes effect upon signing, unless you state that it only takes effect if a certain event, date or contingency occurs. This is called a springing power of attorney. For example, you may wish to only grant authority to your agent in the event that you become incapacitated. Colorado Revised Statutes Section 15-14-709
General Power of Attorney Durable Power Of Attorney Form Colorado
Q: What is a General Power of Attorney General Power Of Attorney Form Colorado
A General Power of Attorney is a legal document which gives the person you choose (the agent) the power to manage your assets and financial affairs while you are alive. The document must be signed by you (the principal) while you have the required legal capacity to give your agent clear and concise instructions. The appointment may be for a fixed period and can be revoked by you at any time providing you still have the legal capacity to do so. A power of attorney ceases when you die. The executor named in your will then takes over the responsibilities of your estate.
Living Will and Health Care Power of Attorney Medical Power Of Attorney Colorado
Q: What is a Living Will and Health Care Power of Attorney? Colorado Durable Power Of Attorney
A: A Health Care Power of Attorney is a legal document that allows an individual to designate another person to make medical decisions for him or her when he or she cannot make decisions for himself or herself. In other words it names someone who stands in your shoes and tells the doctors what to do or what not do for you.
A Living Will is a document that allows a person to explain in writing which medical treatment he or she does or does not want during a terminal illness. A terminal illness is a fatal illness that leads ultimately to death. A Living Will takes effect only when the patient is incapacitated and can no longer express his or her wishes. The will states which medical treatments may be used and which may not be used to die naturally and without the patient?s life being artificially prolonged by various medical procedures. Although the term Living Will may indicate that it is a Will, in reality, it is more similar to a Power of Attorney than a Will.
Limited or Special Power of Attorney? Financial Power Of Attorney Colorado
Q: What is a limited or special power of attorney? Colorado Durable Power Of Attorney Form
A: A Limited power of attorney is one which is limited to a specific act or particular purpose. It is also referred to as special power of attorney. A limited power of attorney allows the Principal to give only specific powers to the agent.
Related Packages Power Of Attorney Form
Life Documents Planning Package
The documents in this package includes a Will, Living Will, Power Of Attorney and other Forms.
Tips for Preparing Colorado Power of Attorney Forms
Letting another person make decisions on your behalf is a huge decision and extremely stressful. Even so, choosing the right person for this mission is extremely important.
- Look at your loved ones. Getting a POA drafted is the best way to begin, and generally, your dearest members of the family understand your goals and desires better than other people. But remember, if you elect your spouse to be your attorney-in-fact, in the event of divorce your agreement can be terminated in accordance with some state laws.
- Be aware of your potential agent’s health and place of residence. When preparing Colorado Power of Attorney Forms, understand that your fiduciary will take action and solve issues when you can't. For example, they’ll most likely have to go to a bank or medical center (if you submit a medical power of attorney form) to sign paperwork. So make sure they are eligible to cope with this responsibility effortlessly and quickly.
- Make sure you have confidence in potential fiduciary. Your agent should follow your wishes. Ideally, both you and your fiduciary have a common attitude to life. Thus, they won't decline to fulfill your will, even though it means to set aside their beliefs or views. Discuss this before planning power of attorney paperwork.
Keep in mind that planning Colorado Power of Attorney Forms is voluntary for both parties, so give your agent a chance to consider if they are ready to take on the obligation. Be patient and don't pressure anyone.