Colorado Power of Attorney Forms

The Colorado Power of Attorney Forms are legally-binding documents that provide a party (the Principal) with the ability to grant decision-making powers regarding a variety of circumstances to another party (their Agent). Generally speaking, power of attorneys (POAs) come in two broad types: “general” or “durable.” With a general type of POA, the powers granted in the form come to a halt if the principal were to become medically incapable of making decisions on their own (officially known as being “incapacitated”). While in a durable POA, the powers granted would remain in effect, permitting the agent to continue making decisions until the principal’s death or the POA is revoked.

Types

Durable (Statutory) Power of Attorney Form – The powers listed in this form will continue to be carried out regardless of whether the principal has the ability to act on their own behalf or not.

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General (Financial) Power of Attorney Form – If the principal does not have the capacity to make sound decisions (they become incapacitated), all conditions set out in this form will be rendered, and the POA officially terminated.

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Limited (Special) Power of Attorney Form – Allows a principal to set narrowly defined powers to provide an agent with the means to complete one (1) or more specific tasks.

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Medical Power of Attorney Form – To be used by a principal for the purpose of nominating an individual (or many individuals) to make medical decisions on their behalf when the principal is medically incapable to do so on their own.

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Minor Child Power of Attorney Form – This form designates legal responsibility to a party nominated by the parent/s of a child to perform certain duties in a parental capacity when the parents cannot do so themselves.

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Motor Vehicle Power of Attorney (Form DR-2175) – A legal document that establishes the transfer of power from a principal to an agent so that the latter can handle affairs concerned with the former’s motor vehicle.

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Real Estate (Property) Power of Attorney (Form 13101) – Used by a property owner to grant authority to another party (of their choosing) to act for them in relation to specified situations concerning their real estate.

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Revocation of Power of Attorney Form – The right for an agent to act as a principal’s agent can be withdrawn by completing and signing this document.

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State Tax Power of Attorney Form (DR-0145) – Allows Colorado residents to authorize a tax professional to view, handle, and submit their taxes to the state’s department of revenue.

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What is a Colorado Power of Attorney?

Colorado Power of Attorney, once completed by a person of sound mental health, provides the legal means for an agent to act on behalf of a principal regarding the powers detailed within the form. Anyone considering drafting this form should ensure the powers they grant complies with the applicable 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): A POA is only valid in the state if the principal signs the form and has their signature notarized.

Sample