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.

General power of attorney colorado.

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. General power of attorney colorado form adobe pdf use to handle another person s principal financial decisions. You should select someone you trust to serve as your agent. 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.

This power of attorney does not authorize the agent to make health care decisions for you. A divorce annulment or legal separation automatically revokes a durable power of attorney if the former spouse is the named individual. 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.

General power of attorney colorado a general power of attorney gives your appointed agent legal authority to manage your business and financial affairs. This form is provided as exhibit 23a of this chapter. 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. The term general in this case is referring to the unlimited nature of the agent s financial powers.

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. Microsoft word docx download. If you choose not to hire an attorney the colorado statutory form power of attorney is probably the best form to use. Colorado power of attorney allows a resident of the state to choose an agent to make financial related or health care decisions on their behalf.

Co general poa download options. Some of these decisions may be related to buying and selling a property banking business and other financial matters. 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. 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.