Colorado Power of Attorney Forms

The Colorado Power of Attorney Forms are legally-binding documents that provide one party (the Principal) with the legal means to give their powers of decision making about a variety of circumstances to another party (the Agent). Power of Attorney (POA) may be either General or Durable. The conditions of the former type of POA will come to a halt if the Principal becomes incapacitated, while the conditions of the latter type will continue even in such a case.

Types

Durable (Statutory) Power of Attorney Form – Regardless of whether the principal has the ability to act on their own behalf, the terms listed out in this form will continue to be carried forward.

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

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Limited (Special) Power of Attorney Form – A principal who only wishes to use a power of attorney for a narrowly-defined circumstance is recommended to use this form to do so.

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Medical Power of Attorney Form – A Medical POA Form is drafted with the purpose of a principal nominating an individual, or many individuals to make medical decisions on their behalf.

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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.

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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) – An individual has the opportunity to grant authority to another party to act for them in relation to specified situations concerning their real property.

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Revocation of Power of Attorney Form – The right for an agent to act as a principal’s agent can be withdrawn by making use of this document.

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State Tax Power of Attorney Form (DR-0145) – An individual may authorize a tax professional to deal with their taxes for them by establishing the terms of this arrangement using a State Tax Power of Attorney Form.

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What is a Colorado Power of Attorney?

Colorado Power of Attorney is a form that provides legal scope for an Agent to act on behalf of a Principal about the certain legal decisions detailed within the form. Anyone considering drafting this form should ensure that it complies with relevant 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’s signature is acknowledged by a Notary Public or other qualified party. The Principal may elect another individual to take their place in signing the document, so long as the signature is completed in their conscious presence.

When is it Effective?

In accordance with § 15-14-705, for a Power of Attorney to be effective in Colorado, it must be: 1) signed by the Principal (or another individual that has been given permission by the principal to sign their name in their conscious presence), and 2) the signing of the document must be acknowledged by either a Notary Public or other lawful, authorized entity.