Colorado Power of Attorney
COLORADO POWER OF ATTORNEY
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Name], residing at [Agent's Address], as my attorney-in-fact (hereinafter referred to as "Agent"), to act in my name, place, and stead, to the extent permitted by law, for the following purposes and with the following powers:
I. Scope of Authority
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Property Management
My Agent shall have the power and authority to manage, handle, and conduct all matters concerning my real and personal property, tangible or intangible, and any interest therein, including, but not limited to, the following specific powers:
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To buy, sell, lease, mortgage, exchange, or otherwise manage or dispose of any real or personal property belonging to me.
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To execute and deliver any deeds, contracts, assignments, or other instruments necessary or advisable to effectuate any transaction concerning my property.
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To open, close, and manage bank accounts in my name.
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To access safe deposit boxes in my name.
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Financial Management
My Agent shall have the power and authority to manage, handle, and conduct all matters concerning my financial affairs, including, but not limited to, the following specific powers:
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To access and manage all of my financial accounts, including checking, savings, investment, retirement, and other accounts.
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To conduct banking transactions on my behalf, including making deposits, withdrawals, transfers, and payments.
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To file and sign tax returns and other documents with tax authorities on my behalf.
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To manage my investments, including buying, selling, and trading stocks, bonds, and other securities.
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Legal Representation
My Agent shall have the power and authority to represent me in all legal matters, including, but not limited to, the following specific powers:
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To hire and consult with attorneys, accountants, and other professionals on my behalf.
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To initiate, defend, settle, or compromise legal actions or proceedings involving me.
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To sign legal documents, pleadings, and agreements on my behalf.
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Healthcare Decisions
My Agent shall have the power and authority to make healthcare decisions on my behalf, including, but not limited to, the following specific powers:
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To consent to or refuse medical treatment, surgery, or other healthcare procedures.
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To access my medical records and communicate with healthcare providers regarding my care.
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To make decisions regarding life-sustaining treatment or end-of-life care under my wishes.
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General Authority
My Agent shall have all other powers necessary to carry out the purposes and intents of this Power of Attorney, including, but not limited to, the authority to delegate any of the powers granted herein to any person or persons, to the extent permitted by law.
II. Effective Date and Duration
This Power of Attorney shall become effective immediately upon execution and shall remain in effect until:
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I revoke it in writing.
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My death.
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A court determines that I am incapacitated and unable to revoke this Power of Attorney.
III. Revocation Clause
I reserve the right to revoke this Power of Attorney at any time by providing written notice to my Agent. Additionally, this Power of Attorney shall automatically terminate upon my death or if a court determines that I am incapacitated and unable to revoke it.
IV. Incapacity Provisions
Should my Agent ever reasonably perceive that I cannot make decisions due to incapacitation, they have the liberty to depend upon one or several physicians' documented views to ascertain my disability. Upon this establishment of incapacity, the Agent's power will persist until annulled or ceased as stipulated herein.
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Determination of Incapacity:
In the event of potential incapacitation, the Agent is empowered to rely on the professional assessment of one or more physicians to confirm the inability to make decisions.
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Continuation of Agent's Authority:
Once the Agent has confirmed the incapacitation as per medical documentation, their authority will continue to be effective until revoked or terminated according to the terms outlined in this document.
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Reliance on Medical Opinion:
The Agent is authorized to trust the opinions of medical professionals in determining the principal's capacity to make decisions, ensuring the principal's best interests are upheld in times of incapacity.
V. Governing Law
This Power of Attorney shall be governed by and construed per the laws of the State of Colorado.
VI. Miscellaneous Provisions
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This Power of Attorney is a durable power of attorney and shall not be affected by my subsequent incapacity.
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My Agent shall act in my best interests and exercise reasonable care, diligence, and prudence in carrying out the powers granted herein.
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My Agent shall not be liable for any loss caused by any action or inaction taken in good faith according to this Power of Attorney.
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Any third party who receives a copy of this Power of Attorney may rely on it as if it were an original.
VII. Signatures and Notary
ACKNOWLEDGEMENT OF THE PRINCIPAL
This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.
[YOUR NAME]
[DATE]
ACCEPTANCE OF THE AGENT
I, [AGENT NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
[AGENT'S NAME]
[DATE]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
Witness 1:
[Witness 1 full name]
[Date]
Witness 2:
[Witness 2 full name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
