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Colorado General (Financial) Power of Attorney

A Colorado general power of attorney (GPOA) allows a person to designate an agent to make financial decisions when the principal is not available. Such decisions can be any financially related activity legal under state law. If the principal should become incapacitated, a GPOA will automatically terminate and be revoked.
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Updated August 19, 2024

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Laws

  • Durable – A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.[1]
  • Incapacity – Means the inability of a person to manage their property or business affairs because of an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – The principal’s signature must be acknowledged before a notary public or someone authorized by law to take acknowledgments.[3]

Sources

  1. Colorado Revised Statutes § 15-14-704
  2. Colorado Revised Statutes § 15-14-702
  3. Colorado Revised Statutes § 15-14-705