A Colorado durable power of attorney form allows someone you choose as your agent to make crucial financial decisions for you when you’re unable to do so.
A durable power of attorney, unlike a regular POA, stays in effect even if the principal becomes incapacitated and legally can’t make their own decisions.
Colorado state law allows the principal to revoke a durable power of attorney at any time. The law also states that a divorce, annulment, or legal separation automatically revokes a durable power of attorney if the former spouse is named as an agent.
In Colorado, all power of attorney forms are durable by default.
- Statute: Title 15, Article 14, Part 7 (Uniform Power of Attorney Act).
- Presumed Durable: Yes — durability presumed on all power of attorney forms created on and after January 1, 2010. POA forms created before that date are durable only if the POA is durable under section 15-14-501 or 15-14-745(2) (§ 15-14-704).
- Signing Requirements and Notarization: The document must be signed before a notary public (§ 15-14-705).
- Statutory Form: Yes (§ 15-14-741).