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Free Durable Power of Attorney Document for Colorado

A Colorado Durable Power of Attorney form is a legal document that allows an individual, known as the principal, to appoint another person, referred to as the agent, to make decisions on their behalf. This form remains effective even if the principal becomes incapacitated, ensuring that their financial and medical affairs are managed according to their wishes. Understanding the nuances of this document is essential for anyone looking to safeguard their interests in times of uncertainty.

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Article Structure

In Colorado, the Durable Power of Attorney (DPOA) form serves as a crucial legal document that empowers individuals to designate someone they trust to make financial and legal decisions on their behalf, especially during times of incapacity. This form remains effective even if the principal becomes incapacitated, ensuring that their affairs can be managed without interruption. Key aspects of the DPOA include the ability to specify the scope of authority granted to the agent, which can range from handling banking transactions to managing real estate. Additionally, the form allows for customization, enabling the principal to impose limitations or conditions on the agent's powers. Importantly, the DPOA must be signed by the principal and witnessed or notarized to ensure its validity. Understanding the nuances of this form is essential for anyone looking to safeguard their interests and ensure their wishes are honored when they can no longer advocate for themselves.

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Colorado Durable Power of Attorney

This Durable Power of Attorney is entered into in accordance with the Colorado Uniform Power of Attorney Act (Colorado Revised Statutes §§ 15-14-701 to 15-14-745) and is designed to remain in effect even upon the disability or incapacity of the Principal.

Principal Information

Full Name: __________________________
Physical Address: __________________________, __________________________, CO, Zip Code: __________
Phone Number: __________________________

Attorney-in-Fact Information

Full Name: __________________________
Physical Address: __________________________, __________________________, CO, Zip Code: __________
Phone Number: __________________________

This Durable Power of Attorney appoints the above-named Attorney-in-Fact to make decisions on behalf of the Principal in matters indicated below. This power will remain in effect even if the Principal becomes disabled, incapacitated, or unable to communicate decisions.

Powers Granted

Select the powers to be granted to the Attorney-in-Fact by initialing next to each power. You may select any or all the following powers:

Real property transactions: ______
Tangible personal property transactions: ______
Stock and bond transactions: ______
Commodity and option transactions: ______
Banking and other financial institution transactions: ______
Business operating transactions: ______
Insurance and annuity transactions: ______
Estate, trust, and other beneficiary transactions: ______
Claims and litigation: ______
Personal and family maintenance: ______
Benefits from social security, Medicare, Medicaid, or other governmental programs, or civil or military service: ______
Retirement plan transactions: ______
Tax matters: ______

This Durable Power of Attorney becomes effective immediately unless a specific date or event is mentioned below:

Effective Date or Event: __________________________

By signing this document, the Principal acknowledges that they grant the specified powers to the Attorney-in-Fact willingly and while they are of sound mind.

Principal's Signature: __________________________ Date: __________________________

This document must be signed in the presence of a notary public or two adult witnesses to be legally binding.

State of Colorado

County of ________________________

Subscribed and sworn to (or affirmed) before me on this __ day of _______________, 20__, by (name of Principal) __________________________.

Notary Public/ Witness Signature: __________________________

Print Name: __________________________

My Commission Expires: __________________________

Note: This template provides a basic framework for a Colorado Durable Power of Attorney and can be customized to fit individual needs and preferences. It is advised to review any power of attorney document with a legal or financial advisor to ensure it accurately reflects the Principal's wishes and complies with current Colorado laws.

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Document Properties

Fact Name	Description
Purpose	The Colorado Durable Power of Attorney form allows an individual to appoint someone else to make financial and legal decisions on their behalf, especially in case of incapacitation.
Governing Law	This form is governed by the Colorado Revised Statutes, specifically Title 15, Article 14, which outlines powers of attorney.
Durability	As a "durable" power of attorney, this document remains effective even if the principal becomes mentally incapacitated.
Agent Responsibilities	The appointed agent has a fiduciary duty to act in the best interest of the principal, ensuring that decisions align with the principal's wishes.
Revocation	The principal can revoke the durable power of attorney at any time, provided they are mentally competent to do so.
Signing Requirements	The form must be signed by the principal in the presence of a notary public or two witnesses to be legally binding.
Limitations	While the agent has broad authority, certain actions, like making medical decisions, may require a separate document, such as a medical power of attorney.

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