Power of Attorney Form for Colorado

GENERAL POWER OF ATTORNEY

Document ID: CO-POA-2026-V1
Effective Date: [Effective Date]
Version: 1.0
Governing Jurisdiction: State of Colorado

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SECTION 1: STATUTORY & LEGAL COMPLIANCE NOTICE

IMPORTANT NOTICE TO THE PRINCIPAL: This is a general power of attorney. Execution of this document grants the designated Agent broad legal authority to act on your behalf regarding financial, business, and personal property matters. This instrument is structured in accordance with the laws of the State of Colorado, including the Colorado Uniform Power of Attorney Act (C.R.S. § 15-14-701 et seq.).

CLINICAL & LEGAL DISCLAIMER: This document is designed to meet institutional standards under Colorado law; however, powers of attorney carry significant legal and financial risks. The Principal and Agent are advised to consult with qualified legal counsel and financial advisors licensed in the State of Colorado prior to execution. This instrument does not grant authority for healthcare, medical, or end-of-life decisions unless explicitly supplemented by a separate Colorado Advance Directive or Medical Durable Power of Attorney.

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SECTION 2: PARTIES & RECITALS

2.1 IDENTIFICATION OF PARTIES:

• Principal: [Principal Full Legal Name], residing at [Principal Street Address, City, State, Zip Code] ("Principal").
• Agent (Attorney-in-Fact): [Agent Full Legal Name], residing at [Agent Street Address, City, State, Zip Code] ("Agent").
• Successor Agent (Optional): [Successor Agent Full Legal Name], residing at [Successor Agent Street Address, City, State, Zip Code] ("Successor Agent").

2.2 RECITALS:

• WHEREAS, the Principal desires to appoint the Agent as an attorney-in-fact to act in the Principal's name, place, and stead in connection with the management of the Principal's financial, legal, and property affairs, subject to the terms and conditions set forth herein;
• WHEREAS, the Principal possesses full legal capacity and intends for this Power of Attorney to be a durable instrument governed by the laws of the State of Colorado;
• NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Principal does hereby appoint the Agent and grant the powers enumerated below.

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SECTION 3: GRANT OF POWERS & SCOPE OF AUTHORITY

3.1 GRANT OF GENERAL AUTHORITY: The Principal hereby nominates, constitutes, and appoints the Agent as the Principal’s true and lawful attorney-in-fact, with full power and authority to act on the Principal’s behalf in all matters that the Principal could lawfully do if personally present, to the extent authorized under the Colorado Uniform Power of Attorney Act.

3.2 ENUMERATED POWERS: Without limiting the generality of the foregoing, the Agent is authorized to exercise the following powers relating to the Principal’s property and affairs:

1. Real Property Transactions: To lease, sell, mortgage, purchase, exchange, maintain, alter, or encumber any real property or interest therein owned by the Principal, upon such terms and conditions as the Agent deems advisable.
2. Tangible Personal Property Transactions: To buy, sell, lease, exchange, maintain, insure, and collect any tangible personal property or interest therein.
3. Bank and Financial Institution Transactions: To open, maintain, or close bank accounts; write checks; deposit funds; execute withdrawal slips; negotiate certificates of deposit; and conduct all banking transactions.
4. Business Operations: To manage, control, and operate any business entities, partnerships, or sole proprietorships owned by the Principal, including voting rights, signing corporate documents, and executing contracts.
5. Insurance and Annuities: To procure, maintain, modify, surrender, or borrow against insurance policies and annuity contracts.
6. Tax, Estate, and Financial Management: To prepare, sign, and file local, state, and federal tax returns; represent the Principal before the Internal Revenue Service or state tax authorities; and manage estate, trust, or beneficiary interests.
7. Claims and Litigation: To assert, prosecute, submit to arbitration, settle, or compromise any claims, demands, or legal proceedings by or against the Principal.
8. Digital Assets: To access, control, modify, or delete the Principal’s digital accounts, emails, financial portals, and online services in compliance with the Colorado Fiduciary Access to Digital Assets Act.

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SECTION 4: DURABILITY, EFFECTIVE DATE, & TERMINATION

4.1 DURABILITY: This Power of Attorney is a durable power of attorney pursuant to C.R.S. § 15-14-705 and shall not be affected by the subsequent disability or incapacity of the Principal.

4.2 EFFECTIVE DATE: This instrument shall become effective immediately upon execution by the Principal ([Effective Date]) unless otherwise specified herein: [Specify alternative effective trigger if applicable, or state "Immediate"].

4.3 REVOCATION AND TERMINATION:

1. The Principal may revoke this Power of Attorney at any time by executing a written instrument of revocation recorded in the jurisdiction where this instrument is recorded or by providing written notice to the Agent.
2. This Power of Attorney shall automatically terminate upon: (a) the death of the Principal; (b) the resignation or incapacity of the Agent, provided no Successor Agent is willing and able to serve; or (c) the issuance of a court order revoking this instrument.

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SECTION 5: SUCCESSOR AGENT

5.1 APPOINTMENT OF SUCCESSOR: If the primary Agent named herein is unable or unwilling to serve, resigns, dies, or is legally incapacitated, the Principal hereby appoints the Successor Agent, [Successor Agent Full Legal Name], to act as attorney-in-fact with all the rights, powers, and fiduciary duties granted to the initial Agent under this instrument.

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SECTION 6: FIDUCIARY DUTIES & COMPENSATION OF AGENT

6.1 STANDARD OF CARE: The Agent shall act in accordance with the fiduciary standards established by the Colorado Uniform Power of Attorney Act, maintaining strict loyalty to the Principal, avoiding conflicts of interest, and keeping accurate records of all receipts, disbursements, and transactions made on behalf of the Principal.

6.2 COMPENSATION: The Agent shall serve: [Select one: Without compensation / With reasonable compensation consistent with industry standards in the State of Colorado]. The Agent shall be entitled to reimbursement for all reasonable out-of-pocket expenses incurred in the execution of duties hereunder.

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SECTION 7: MISCELLANEOUS LEGAL PROVISIONS

7.1 GOVERNING LAW: This Power of Attorney, and all questions relating to its validity, interpretation, execution, and enforcement, shall be governed by, construed, and enforced in accordance with the laws of the State of Colorado, without regard to its conflict of laws principles.

7.2 SEVERABILITY: If any provision of this instrument is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, and the remaining provisions shall remain in full force and effect.

7.3 RELIANCE BY THIRD PARTIES: Third parties, including financial institutions, title companies, and government agencies, may rely upon the certified representations of the Agent as to the authority granted herein, and shall be held harmless for any actions taken in good faith reliance upon this instrument.

7.4 ENTIRE AGREEMENT: This instrument constitutes the entire power of attorney executed by the Principal regarding the subject matters contained herein and supersedes any prior general or specific powers of attorney executed by the Principal.

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SECTION 8: EXECUTION & FORMAL SIGNATURE BLOCKS

IN WITNESS WHEREOF, the Principal has executed this General Power of Attorney on this _____ day of __________________, 2026.

PRINCIPAL:

Signature: _____________________________________
Printed Name: [Principal Full Legal Name]
Address: [Principal Address]
Date: [Date]

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NOTARY ACKNOWLEDGMENT (STATE OF COLORADO)

State of Colorado
County of [County Name]

The foregoing instrument was acknowledged before me this _____ day of __________________, 2026, by [Principal Full Legal Name], as Principal.

[SEAL]

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Notary Public, State of Colorado
My Commission Expires: __________________

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AGENT ACCEPTANCE OF APPOINTMENT

I, [Agent Full Legal Name], have read the attached Power of Attorney and am juridically competent to act as Agent. I accept the appointment as attorney-in-fact and agree to act in accordance with my fiduciary duties under Colorado law.

Signature: _____________________________________
Printed Name: [Agent Full Legal Name]
Date: [Date]

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SECTION 9: STEP-BY-STEP EXECUTION & FILING GUIDE

1. Preparation and Review: Open this document in Microsoft Word or Google Docs. Replace all bracketed text (e.g., [Principal Full Legal Name], [Principal Address], [Effective Date]) with accurate, verified legal details. Ensure no bracketed placeholders remain.
2. Signatory Verification: Verify that the Principal possesses full legal capacity and soundness of mind at the time of execution.
3. Notarization (Mandatory in Colorado): Under Colorado law, a General Power of Attorney must be acknowledged before a licensed Notary Public. The Principal must appear in person before the Notary Public with government-issued photo identification.
4. Agent Acknowledgment: The designated Agent should execute the Agent Acceptance block to confirm understanding of fiduciary duties under C.R.S. § 15-14-714.
5. Execution via Digital Signature (Optional): If executing digitally, ensure platforms such as DocuSign or Adobe Sign utilize cryptographic tampering-evident seals and comply with ESIGN and UETA standards, followed by formal notarization (Remote Online Notarization is permissible under Colorado law if statutory protocols are met).
6. Record Retention and Distribution: Store the original signed and notarized instrument in a secure, fireproof location or safety deposit box. Provide certified copies to banks, financial institutions, and legal counsel as required to effectuate the Agent's operational authority. If real property transactions are contemplated, record a certified copy with the Clerk and Recorder in the Colorado county where the real estate is situated.