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A principal may change his or her mind and revoke a power of attorney at any time, so long as the principal has capacity. All a principal needs to do to revoke a power of attorney is send a letter to the agent notifying the agent that his or her appointment has been revoked.

§ 15-14-506. Medical durable power of attorney. (1) The authority of an agent to act on behalf of the principal in consenting to or refusing medical treatment, including artificial nourishment and hydration, may be set forth in a medical durable power of attorney.

Any adult, who understands what he or she is doing, can create a Power of Attorney by writing down the name of the person he or she wishes to designate as an agent, and include exactly what he or she wants the agent to do. Once the document has been prepared, it should be notarized.

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.

Does a Power of Attorney need to be notarized? In Colorado, the law does require that a Financial Power of Attorney be notarized, but no witnesses are necessary. A medical Power of Attorney need not have witnesses or be notarized.

A Colorado medical power of attorney gives a person the ability to appoint someone as an agent for medical care decisions if they should find themselves unconscious or mentally incompetent. The agent will be able to access medical records, speak to healthcare professionals, and be able to make decisions.