The Colorado Durable (Financial) Power of Attorney forms a relationship between two (2) parties where an assignor appoints certain powers to an assignee that allows them to act on their behalf. This document focuses on the financial aspects of one’s life, such as managing their funds, property (real or personal), investments, benefits, etc. To finalize the assignee’s role as the primary party’s “agent”, the “principal” (assignor) will have to record the personal details of their agent within the form, indicate which powers will be accessible, and sign the instrument while being viewed by a notary public.
Laws
Statutes – Colorado Revised Statutes – Uniform Power of Attorney Act (§ 15-14-701 – 15-14-745)
Definition – “Durable”, with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 15-14-702(2)).
Signing Requirements – Acknowledgment from an actively licensed notary public (§ 15-14-705).
Revocation – § 15-14-710
Other Versions
Colorado Durable (Financial) Power of Attorney – Version 1
Download: Adobe PDF
Colorado Durable (Financial) Power of Attorney – Version 2
Download: Adobe PDF
Additional Resources
- Colorado Bar Association –Financial Powers of Attorney Pamphlet
- Colorado Legal Services – How a Financial Power of Attorney Works
- Rocky Mountain Elder Law –What are Powers of Attorney and How Do They Work?
- Vincent & Romeo Law Firm – Financial Powers of Attorney
Related Forms
Advance DirectiveDownload: Adobe PDF
General (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)