Colorado General (Financial) Power of Attorney Form
The Colorado General (Financial) Power of Attorney is a document that accounts for the legal provisions that are required for one party to act in the role of an Agent to manage the finances of another party (the Principal). As per the terms of this type of agreement, the Agent must halt their duties if the Principal becomes incapacitated. It is vital that any terms of such an arrangement are documented in a legal manner via the execution of a Financial POA, as failure to do so may lead to misunderstandings about the Agent’s obligations.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney Act
Signing Requirements (§ 15-14-705) – The Principal must be acknowledged by the Principal by one of two individuals permitted by state law to provide such an acknowledgement:
- A Notary Public, or
- A party who is legally authorized to make acknowledgements.