Colorado Power of Attorney Forms
The Colorado Power of Attorney Forms are legally-binding documents that provide one party (the Principal) with the legal means to give their powers of decision making about a variety of circumstances to another party (the Agent). Power of Attorney (POA) may be either General or Durable. The former means that it will halt if the Principal becomes incapacitated, while the latter means it will continue even in such a case.
What is a Colorado Power of Attorney?
A Colorado Power of Attorney is a form that provides legal scope for an Agent to act on behalf of a Principal about the certain legal decisions detailed within the form. Anyone considering drafting this form should ensure that it complies with relevant Colorado state laws. A selection of the most important state laws have been outlined in the guide below.
- Colorado Power of Attorney Laws – (Title 15 Article 14 Part 7 “Uniform Power of Attorney Act”)
- State Definition of Power of Attorney (§ 15-14-702) – “means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used.”
- Signing Requirements (§ 15-14-705) – POA only valid if written signatures are witnessed by a notary public or other qualified party.
General (Financial) Power of Attorney Form – If the principal does not have the capacity to make sound decisions i.e. they become incapacitated, all conditions set out in this form will be rendered inactive.
Limited (Special) Power of Attorney Form – A principal who only wishes to use a Power of Attorney for a narrowly-defined circumstance is recommended to use this form to do so.
Medical Power of Attorney Form – A Medical POA is drafted with the purpose of nominating an individual, or many individuals, to make medical decisions on behalf of the Principal.
Download – Adobe PDF
Real Estate (Property) Power of Attorney Form – A principal
Revocation Power of Attorney Form – The right for an agent to act as a principal’s agent can be withdrawn by making use of this document.
State Tax Power of Attorney Form (DR-0145) – An individual may authorize a tax professional to deal with their taxes for them by establishing the terms of this arrangement using a State Tax Power of Attorney Form.
Download – Adobe PDF
When is it Effective?
In accordance with § 15-14-705, for a Power of Attorney to be effective in Colorado, it must be: 1) signed by the Principal (or another individual that has been given permission by the principal to sign their name), and 2) the signing of the document must be viewed by either a Notary Public or other lawful, authorized entity.