Esign Legal Colorado Power Of Attorney Forms For Free

A 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.? The term ?general? in this case is referring to the unlimited nature of the agent's financial powers; they control all aspects of the principal's finances ...

A standard POA automatically becomes invalid if the person who made it (the principal) becomes mentally incapacitated. On the other hand, a Durable Power of Attorney remains in effect even if the principal becomes mentally incapacitated.

Colorado law does not require a power of attorney to be witnessed or notarized. Despite the law, it is considered best practice to have the document signed, notarized, and witnessed by two people. Why? The signature is presumed to be genuine if the power of attorney is notarized.

A ?durable? power of attorney permits an agent to make decisions even if the princi- pal becomes incapacitated. Powers of attorney signed after January 1, 2010, are durable unless the document provides that it is terminated by the incapacity of the principal.

For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even more?or add powers, Berkley says.

How to Write Step 1 ? Access The Medical Durable Power Of Attorney. ... Step 2 ? Identify Yourself As The Colorado Principal. ... Step 3 ? Name The Colorado Agent Being Named With Health Care Powers. ... Step 4 ? Dispense The Home, Business, Or Agent Cell Number. ... Step 5 ? Furnish An Additional Means Of Contact.