A colorado durable power of attorney form can be used to assign a trustworthy adult the power to manage the finances of the executor of the document.
Durable power of attorney colorado.
The meaning of authority over subjects listed on this form is explained in the uniform power of attorney act part 7 of article 14 of title 15 colorado revised statutes.
Colorado durable financial power of attorney form allows an individual to empower another person usually a family member or close friend with the authority to act on that individual s behalf in the event the individual is unable or unavailable to act for themselves.
This serves a number of functions one of which is enabling the principal s family and friends to avoid the process of petitioning the courts to gain control over the individual s finances should they become incapacitated.
However they may make the document more acceptable in other states.
This type of form continues in effect even if the individual granting authority becomes incapacitated or mentally incompetent to make decisions for themselves.
A medical durable power of attorney or mdpa allows people to appoint a health care agent to make decisions on their behalf.
This serves a number of functions one of which is enabling the principal s family and friends to avoid the process of petitioning the courts to gain control over the individual s finances should they become incapacitated.
A durable power of attorney permits an agent to make decisions even if the princi pal becomes incapacitated.
The agent is obligated to act according to the wishes and values of the patient.
The signature of two witnesses and a notary seal are not required by colorado law for proper execution of a medical durable power of attorney.
According to colorado laws a durable power of attorney is a type of power of attorney that will not be revoked if a principal is subsequently disabled or incapacitated.
Powers of attorney signed after january 1 2010 are durable unless the document provides that it is terminated by the incapacity of the principal.
In practice a durable power of attorney also called a health care power of attorney is used by the named individual when the principal is unconscious or otherwise unable to consent to medical procedures.
This power of attorney does not authorize the agent to make health care decisions for you.
This document was signed by name of declarant.
Colorado durable power of attorney laws.
This directive also grants access to medical records.
A durable power of attorney is a legal document that allows a trusted individual named in the document to make important health care and end of life decisions on behalf of the principal the person initiating the action.
You should select someone you trust to serve as your agent.
While this is a standard durable power of attorney form in consistent form extensively utilized in most states it is your responsibility to ensure that the form is precisely what you need.
