Colorado Limited Power of Attorney
COLORADO LIMITED POWER OF ATTORNEY
This Limited Power of Attorney ("Document") is made on this day of [Date], by and between [Your Name], residing at [Your Company Address], hereinafter referred to as the "Principal," and [Agent's Full Name], residing at [Agent's Address], hereinafter referred to as the "Agent."
I. Appointment of Agent
The Principal hereby appoints the Agent as their lawful attorney-in-fact, granting them the authority to act within the scope defined in this document. The Agent's duties are limited to specified roles and responsibilities and are to be executed in the Principal’s best interest, adhering strictly to the outlined terms and Colorado law.
II. Powers Granted
Under this Limited Power of Attorney, the Principal grants the Agent the following roles and responsibilities:
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Financial Transactions:
To conduct banking and financial transactions on behalf of the Principal, including but not limited to the opening and closing of accounts, withdrawal, and deposit of funds, and handling any related financial matters limited to [Specific Bank/Institution] located at [Bank/Institution Address].
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Real Estate Matters:
To manage and conduct transactions involving the Principal's real estate property located at [Property Address], including leasing, renting, selling, and purchasing of the said property.
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Legal Affairs:
To represent the Principal in legal matters pertaining specifically to [Specify Legal Matter], including the negotiation and signing of documents, appearances, and any related decisions.
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Tax Affairs:
To prepare, sign, and submit tax documents on the Principal’s behalf for the tax year [Specify Tax Year(s)], including but not limited to filings with the Colorado Department of Revenue.
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Personal Affairs:
To manage and oversee personal affairs limited to [Specify Task(s)], ensuring the Principal's obligations in these areas are fulfilled.
III. Term
This Power of Attorney is effective from [Effective Date] to [Expiration Date] unless revoked sooner by the Principal. It establishes a clear period for the Agent to act on the Principal's behalf, offering a structured timeframe for executing the designated powers, with provisions for early termination to maintain the Principal's control over the arrangement.
IV. Revocation
The Principal retains the right to revoke this Power of Attorney at their discretion, requiring only a written notice to the Agent to terminate the agreement. This provision ensures the Principal’s authority over the arrangement remains intact, allowing for adjustments as their needs or circumstances change.
V. Governing Law
This document is governed and interpreted according to the laws of the State of Colorado, ensuring that all actions taken under this Power of Attorney are compliant with state-specific legal standards and regulations.
VI. Signature Section
In Witness Whereof, the Principal has executed this Limited Power of Attorney on the day and year first above written.
Principal:
[Your Name]
Agent:
[AGENT'S NAME]
Witness Acknowledgement
We, the undersigned, certify that the Principal signed or acknowledged this Limited Power of Attorney in our presence and that the Principal appears to be of sound mind and under no duress, fraud, or undue influence.
Witness 1:
[WITNESS 1 FULL NAME]
Witness 2:
[WITNESS 2 FULL NAME]
Notary Acknowledgement
On this day of , 20, before me, a Notary Public in and for said State, personally appeared [Your Name] and [Agent's Full Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within the instrument and acknowledged that they executed the same for the purposes therein contained.
In Witness Whereof, I hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
