The Colorado Statutory Power of Attorney form grants another person the authority to act or make decisions on your behalf. The agent you choose should be trustworthy as he would have legal authorization over your personal and real property or as specified in the power of attorney.
How to Fill the Colorado Statutory Power of Attorney Form
The document begins with important information and instructions related to the power that is to be allotted followed by the full and legal name of the principal (first, middle, last) followed by the full and legal name of the agent (first, middle, last) along with the complete address with the zip code and the phone number confirming the transfer of power to the representative. After that, state the full and legal name, complete address and the phone number of the successor which shall act only when the primary attorney is unable or unavailable to perform the given tasks.
In the third section, the general authority which is to be granted to the attorney-in-fact needs to be selected from the list of options which are; Real property, Tangible personal property, Stocks and bonds, Commodities and options, Banks and other financial institutions, Operation of entity or business, Insurance and annuities, Estates, trusts, and other beneficial interests, Claims and litigation, Personal and family maintenance, Benefits from governmental programs or civil or military service, Retirement plans, Taxes or All preceding subjects. Specific authority can also be granted to the agent from the list of options mentioned (optional).
In the next section, the limitations within which the agent has to perform are stated followed by the special instructions (if any). This power of attorney is effective immediately unless any stated otherwise in the special instructions. After that you can nominate a guardian or a conservator of the estate or person. The agent can only rely upon the power until it hasn’t been revoked or terminated.
Lastly, the full name, complete address, the phone number & the signature of the principal needs to be stated acknowledging the same. This document also needs to be notarized by the Notary Public for it to be considered legal. In the end of the document the instructions for the agent are stated which include their duties, termination and liabilities.
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Colorado Statutory Power of Attorney Form
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Colorado Statutory Power of Attorney Form