A Colorado power of attorney revocation is a legal document that terminates an existing power of attorney (POA), ensuring the agent no longer has decision-making authority and preventing them from acting on the principal’s behalf. This form helps maintain control over one’s personal, financial, and medical affairs, particularly if circumstances change or the principal wishes to appoint a new agent.
After revocation, it’s important to notify the agent, financial institutions, and medical providers. This ensures everyone is aware of the cancellation and avoids them mistakenly relying on the original POA.
Legal Considerations
Statute – Title 15, Article 14, Part 7 (Uniform Power of Attorney Act).
Definitions – § 15-14-710.
Signing Requirements – § 15-14-705 – Notary public.
Revocation and Termination
A POA terminates under several conditions:
- Upon the principal’s passing.
- After a specific timeframe or upon the completion of a particular task.
- If the agent becomes incapacitated or dies. Similarly, the agent can resign their role, terminating the POA.
- If the agent is the principal’s spouse and the marriage dissolves, depending on the document’s specific wording.
- The principal retains the right to revoke a POA at any time. This revocation requires a written document signed by the principal, typically notarized.
- A new POA doesn’t automatically revoke a previous one unless explicitly stated within the new document.
Fees
- Recording: Fees vary by county but generally fall between $20 and $50. If the original POA was recorded with the local County Clerk and Recorder’s Office, it’s advisable to record the revocation document there as well.
- Notary: Fees typically range from $5 to $10 per signature.
Resources
- Legal Aid Foundation – Free legal services to low-income Coloradans and resources.
- Colorado Secretary of State – Information on notary services, fees, and requirements, which are essential for notarizing a power of attorney revocation.
- Colorado Bar Association – Resources and guidance on legal forms and processes, including power of attorney revocations.
Related Forms
