General Power Of Attorney Colorado

A divorce annulment or legal separation automatically revokes a durable power of attorney if the former spouse is the named individual.

General power of attorney colorado. The colorado general power of attorney form is designed to enable an individual to make financial decisions on behalf of another party referred to as the principal. This form is provided as exhibit 23a of this chapter. Microsoft word docx download. Colorado s durable power of attorney laws at a glance under colorado law a durable power of attorney may be revoked by the principal at any time.

Colorado power of attorney forms convey legal authority to a trusted person expected to act on behalf of an individual during that individual s absence. To be valid powers of attorney in colorado must meet certain requirements. Because a power of attorney should be tailored to your particular circumstances it should be written by an attorney to ensure that your intentions are clearly expressed. The meaning of authority over subjects listed on this form is explained in the uniform power of attorney act part 7 of article 14 of title 15 colorado revised statutes.

General power of attorney colorado a general power of attorney gives your appointed agent legal authority to manage your business and financial affairs. Colorado residents who want to ensure a trusted loved one has seamless access to handle their financial affairs or make medical decisions during periods of lifetime incapacity can create power of attorney documents. The term general in this case is referring to the unlimited nature of the agent s financial powers. Some of these decisions may be related to buying and selling a property banking business and other financial matters.

All actions made must be to the benefit of the principal and the document becomes void if he or she becomes incapacitated or not mentally able to think freely. You should select someone you trust to serve as your agent. They will be able to control all aspects of the principal s finances until such a time that the principal becomes incapacitated the power of attorney is revoked or another general power of attorney document is. Colorado general financial power of attorney form is the legal document that allows you to designate a certain person to be your agent as a representative who can make financial decisions when you are not available.

There are six forms available each designed to serve a unique purpose from making end of life decisions for the principal to providing an agent with the permission to file income taxes. If you choose not to hire an attorney the colorado statutory form power of attorney is probably the best form to use. Co general poa download options. These types of forms can be used in a broad range of circumstances including in a temporary situation where an individual will be out of town for a short period of time or in a long term situation where an individual wants to protect him or herself in the event he or she becomes incapacitated.