Colorado Durable Power of Attorney (Financial)

Last Updated: 5/19/2015

Document Description

Mistakenly, we believe that the time to put a POA or a Power of Attorney into effect is when something happens. In all actuality, planning is essential in protecting your interests. Often it is perceived that a power of attorney shall be drafted “when” something occurs. This is not true. Concise planning would provide that you ultimately have one in place “just in case” or as soon as you have interests to preserve. Other misconceptions are that there is not a need for one because “I don’t have anything” or “Power of Attorney contracts are only needed for millionaires." Largely, this is not the case. Do you have a home? Do you have an investment property? Perhaps you have a small stock portfolio or a large one. Are you a small-business owner? Do you have part ownership of a restaurant? Ah, what about your retirement funds, this is often forgotten about; or even who will handle making my automobile payments should something happen? So you see the point, that planning ahead saves a headache.

A Colorado Financial Power of Attorney (POA) can be the headache preventative. Surely you have heard the term, “get your ducks in a row." Use the ezEstatePlanner’s Colorado POA to get your ducks in a row. Not only is it easy to create, but it is fully editable. Make your choices from the list of obligations or add your own. Nominate someone to take over right away or when something specific occurs. It is all up to you!

After you draft your document, make sure it is signed in front of a notary, this is a Colorado state requirement. Then upload your signed document to your personal ezEstatePlanner Vault. You can choose who to share it with. That is it! One less duck to quack!

  • CO Assist:
    Laws that govern the power of attorney in the state of Colorado are found under the Colorado statutes § 15-14-702 .

    1. Must be Signed and Dated by the Principal
    2. Must be Signed and Dated by the Agent
    3. Must be signed and dated in the presence of a Notary
    IMPORTANT: All persons signing the Form must be of sound mind (i.e., All parties must have the knowledge to know what he or she is signing) as well as all persons signing the Form must be doing so out of their own free will, and not because of outside pressures.

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