The Uniform Power of Attorney Act is the statute that governs the Colorado Power of Attorney. This act regulates the use of the power of attorney in Colorado. When you grant someone your power of attorney, you are “the agent,” and the individual you’ve given the right to is “the principal.”
The form authorizes the principal to make decisions on your behalf. In this article, you’ll learn about the Colorado Power of Attorney.
Colorado Durable Power of Attorney
With a durable power of attorney, the principal can legally make decisions on behalf of the agent, including if the principal becomes incapacitated. All Colorado power of attorney signed after January 1, 2010, are durable unless a document states it will be terminated in the event of the principal’s incapacitation.
Colorado General Power of Attorney
The Colorado General Power of Attorney grants the principal the authority to make financial decisions on the agent’s behalf. General refers to the unlimited financial powers this document grants the agent.
The agent will retain the authority to oversee the principal’s financial matters indefinitely. This POA becomes invalid if the principal becomes incapacitated.
Colorado Limited Power of Attorney
Colorado’s Limited or Special Power of Attorney gives an agent the legal authority to perform specific tasks on the principal’s behalf, allowing the principal to limit the power granted to the agent if they don’t want to give them complete control of their financial matters.
Colorado Medical Power of Attorney
A Colorado Medical Power of Attorney or Power of Attorney for Healthcare allows the principal to appoint an agent to make medical decisions for them in the event they become mentally incompetent or unconscious.
The agent will have access to the principal’s medical records, the authority to speak to healthcare professionals, and the authority to make medical decisions on behalf of the principal. In this document, the principal can give the agent specific instructions about matters such as surgery, nursing home care, and medical treatments.
Colorado Minor (Child) Power of Attorney
The Colorado Parental (Minor Child) Power of Attorney allows parents to give a close friend or family member the authority to make decisions and act as caregivers for their children. The designated person will be able to make decisions on the parents’ behalf while they cannot make them. This free Colorado POA form is valid for 12 months.