A Colorado statutory durable power of attorney allows an individual to designate an agent to make decisions relating to their finances, property, and other assets. By executing this legal document, the individual (“principal”) gives their agent permission to act on their behalf even if they become incapacitated and unable to communicate.
A Colorado statutory durable power of attorney allows an individual to designate an agent to make decisions relating to their finances, property, and other assets. By executing this legal document, the individual (“principal”) gives their agent permission to act on their behalf even if they become incapacitated and unable to communicate.
A Colorado statutory durable power of attorney allows an individual to designate an agent to make decisions relating to their finances, property, and other assets. By executing this legal document, the individual (“principal”) gives their agent permission to act on their behalf even if they become incapacitated and unable to communicate.
Colorado law “strongly encourages” the notarization of powers of attorney in all cases. However, if a power of attorney will be recorded alongside a real estate document (e.g., mortgage, deed), it must be notarized.[1]
“Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity.[2]
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