"Colorado Statutory Power of Attorney for Property" - Colorado

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COLORADO STATUTORY POWER OF ATTORNEY FOR PROPERTY
NOTICE: UNLESS YOU LIMIT THE POWER IN THIS DOCUMENT, THIS
DOCUMENT GIVES YOUR AGENT THE POWER TO ACT FOR YOU, WITHOUT YOUR
CONSENT, IN ANY WAY THAT YOU COULD ACT FOR YOURSELF. THE POWERS
GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE EXPLAINED IN
THE "UNIFORM STATUTORY FORM POWER OF ATTORNEY ACT", PART 13 OF ARTICLE
I OF TITLE 15, COLORADO REVISED STATUTES, AND PART 6 OF ARTICLE 14 OF TITLE
15, COLORADO REVISED STATUTES. IF YOU HAVE ANY QUESTIONS ABOUT THESE
POWERS, OBTAIN COMPETENT LEGAL ADVICE. THIS DOCUMENT DOES NOT
AUTHORIZE ANYONE TO MAKE MEDICAL AND OTHER HEALTH-CARE DECISIONS FOR
YOU. YOU MAY REVOKE THIS POWER OF ATTORNEY IF YOU LATER WISH TO DO SO.
THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU
DESIGNATE (YOUR "AGENT") BROAD POWERS TO HANDLE YOUR PROPERTY AND
AFFAIRS, WHICH MAY INCLUDE POWERS TO PLEDGE, SELL, OR OTHERWISE DISPOSE
OF ANY REAL OR PERSONAL PROPERTY WITHOUT ADVANCE NOTICE TO YOU OR
APPROVAL BY YOU. THIS FORM DOES NOT IMPOSE A DUTY ON YOUR AGENT TO
EXERCISE GRANTED POWERS; BUT WHEN POWERS ARE EXERCISED, YOUR AGENT
MUST USE DUE CARE TO ACT FOR YOUR BENEFIT AND IN ACCORDANCE WITH THE
PROVISIONS
OF
THIS
FORM
AND
MUST
KEEP
A
RECORD
OF
RECEIPTS,
DISBURSEMENTS, AND SIGNIFICANT ACTIONS TAKEN AS AGENT. YOU MAY NAME
SUCCESSOR AGENTS UNDER THIS FORM BUT NOT CO-AGENTS. UNTIL YOU REVOKE
THIS POWER OF ATTORNEY OR A COURT ACTING ON YOUR BEHALF TERMINATES IT,
YOUR AGENT MAY EXERCISE THE POWERS GIVEN HERE THROUGHOUT YOUR
LIFETIME, EVEN AFTER YOU MAY BECOME DISABLED, UNLESS YOU EXPRESSLY
LIMIT THE DURATION OF THIS POWER IN THE MANNER PROVIDED BELOW.
YOU MAY HAVE OTHER RIGHTS OR POWERS UNDER COLORADO LAW NOT
SPECIFIED IN THIS FORM.
I, _______________________________________________________________ appoint
(insert your full name and address)
______________________________________________________________ as my
(insert the full name and address of the person appointed)
agent (attorney-in-fact) to act for me in any lawful way with respect to the following
initialed subjects:
TO GRANT ONE OR MORE OF THE FOLLOWING POWERS, INITIAL THE
LINE IN FRONT OF EACH POWER YOU ARE GRANTING. TO WITHHOLD A
POWER, DO NOT INITIAL THE LINE IN FRONT OF IT. YOU MAY, BUT NEED
NOT, CROSS OUT EACH POWER WITHHELD.
INITIAL:
__________ (A) Real estate transactions (when property recorded).
__________ (B) Tangible personal property transactions.
__________ (C) Stock and bond transactions.
__________ (D) Commodity and option transactions.
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COLORADO STATUTORY POWER OF ATTORNEY FOR PROPERTY
NOTICE: UNLESS YOU LIMIT THE POWER IN THIS DOCUMENT, THIS
DOCUMENT GIVES YOUR AGENT THE POWER TO ACT FOR YOU, WITHOUT YOUR
CONSENT, IN ANY WAY THAT YOU COULD ACT FOR YOURSELF. THE POWERS
GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE EXPLAINED IN
THE "UNIFORM STATUTORY FORM POWER OF ATTORNEY ACT", PART 13 OF ARTICLE
I OF TITLE 15, COLORADO REVISED STATUTES, AND PART 6 OF ARTICLE 14 OF TITLE
15, COLORADO REVISED STATUTES. IF YOU HAVE ANY QUESTIONS ABOUT THESE
POWERS, OBTAIN COMPETENT LEGAL ADVICE. THIS DOCUMENT DOES NOT
AUTHORIZE ANYONE TO MAKE MEDICAL AND OTHER HEALTH-CARE DECISIONS FOR
YOU. YOU MAY REVOKE THIS POWER OF ATTORNEY IF YOU LATER WISH TO DO SO.
THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU
DESIGNATE (YOUR "AGENT") BROAD POWERS TO HANDLE YOUR PROPERTY AND
AFFAIRS, WHICH MAY INCLUDE POWERS TO PLEDGE, SELL, OR OTHERWISE DISPOSE
OF ANY REAL OR PERSONAL PROPERTY WITHOUT ADVANCE NOTICE TO YOU OR
APPROVAL BY YOU. THIS FORM DOES NOT IMPOSE A DUTY ON YOUR AGENT TO
EXERCISE GRANTED POWERS; BUT WHEN POWERS ARE EXERCISED, YOUR AGENT
MUST USE DUE CARE TO ACT FOR YOUR BENEFIT AND IN ACCORDANCE WITH THE
PROVISIONS
OF
THIS
FORM
AND
MUST
KEEP
A
RECORD
OF
RECEIPTS,
DISBURSEMENTS, AND SIGNIFICANT ACTIONS TAKEN AS AGENT. YOU MAY NAME
SUCCESSOR AGENTS UNDER THIS FORM BUT NOT CO-AGENTS. UNTIL YOU REVOKE
THIS POWER OF ATTORNEY OR A COURT ACTING ON YOUR BEHALF TERMINATES IT,
YOUR AGENT MAY EXERCISE THE POWERS GIVEN HERE THROUGHOUT YOUR
LIFETIME, EVEN AFTER YOU MAY BECOME DISABLED, UNLESS YOU EXPRESSLY
LIMIT THE DURATION OF THIS POWER IN THE MANNER PROVIDED BELOW.
YOU MAY HAVE OTHER RIGHTS OR POWERS UNDER COLORADO LAW NOT
SPECIFIED IN THIS FORM.
I, _______________________________________________________________ appoint
(insert your full name and address)
______________________________________________________________ as my
(insert the full name and address of the person appointed)
agent (attorney-in-fact) to act for me in any lawful way with respect to the following
initialed subjects:
TO GRANT ONE OR MORE OF THE FOLLOWING POWERS, INITIAL THE
LINE IN FRONT OF EACH POWER YOU ARE GRANTING. TO WITHHOLD A
POWER, DO NOT INITIAL THE LINE IN FRONT OF IT. YOU MAY, BUT NEED
NOT, CROSS OUT EACH POWER WITHHELD.
INITIAL:
__________ (A) Real estate transactions (when property recorded).
__________ (B) Tangible personal property transactions.
__________ (C) Stock and bond transactions.
__________ (D) Commodity and option transactions.
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__________ (E) Banking and other financial institution transactions.
__________ (F)
Business operating transactions.
__________ (G) Insurance and annuity transactions.
__________ (H) Estate, trust, and other beneficiary transactions.
__________ (I)
Claims and litigation.
__________ (J)
Personal and family maintenance.
__________ (K) Benefits from social security, medicate, medicaid, or other
governmental programs or military service.
__________ (L) Retirement plan transactions.
__________ (M) Tax matters.
UNLESS YOU DIRECT OTHERWISE, THIS POWER OF ATTORNEY IS
EFFECTIVE IMMEDIATELY AND WILL CONTINUE UNTIL IT IS REVOKED OR
TERMINATED AS SPECIFIED BELOW. STRIKE THROUGH AND WRITE YOUR
INITIALS TO THE LEFT OF THE FOLLOWING SENTENCE IF YOU DO NOT
WANT THIS POWER OF ATTORNEY TO CONTINUE IF YOU BECOME
DISABLED, INCAPACITATED, OR INCOMPETENT.
1. (_________) This power of attorney will continue to be effective even though I
become disabled, incapacitated, or incompetent.
YOU MAY INCLUDE ADDITIONS TO AND LIMITATIONS ON THE
AGENT'S POWERS IN THIS POWER OF ATTORNEY IF THEY ARE
SPECIFICALLY DESCRIBED BELOW.
2. The powers granted above shall not include the following powers or shall be modified
or limited in the following manner (here you may include any specific limitations you
deem appropriate, such as a prohibition of or conditions on the sale of particular stock or
real estate or special rules regarding borrowing by the agent):
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
3. In addition to the powers granted above, I grant my agent the following powers
(here you may add any other delegable powers, such as the power to make gifts, exercise
powers of appointment, name or change beneficiaries or joint tenants, or revoke or amend
any trust specifically referred to below):
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
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4. SPECIAL INSTRUCTIONS. ON THE FOLLOWING LINES YOU MAY GIVE
SPECIAL INSTRUCTIONS TO YOUR AGENT:
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
YOUR AGENT WILL BE ENTITLED TO REIMBURSEMENT FOR ALL
REASONABLE EXPENSES INCURRED IN ACTING UNDER THIS POWER OF
ATTORNEY. STRIKE THROUGH AND INITIAL THE NEXT SENTENCE IF YOU
DO NOT WANT YOUR AGENT TO ALSO BE ENTITLED TO REASONABLE
COMPENSATION FOR SERVICES AS AGENT.
5. (_________) My agent is entitled to reasonable compensation for services rendered as
agent under this power of attorney.
THIS POWER OF ATTORNEY MAY BE AMENDED IN ANY MANNER OR
REVOKED BY YOU AT ANY TIME. ABSENT AMENDMENT OR REVOCATION,
THE AUTHORITY GRANTED IN THIS POWER OF ATTORNEY IS EFFECTIVE
WHEN THIS POWER OF ATTORNEY IS SIGNED AND CONTINUES IN EFFECT
UNTIL YOUR DEATH, UNLESS YOU MAKE A LIMITATION ON DURATION BY
COMPLETING THE FOLLOWING:
6. This power of attorney terminates on _______________________________________
_______________________________________________________________________.
(Insert a future date or event, such as court determination of your disability, when you want this power to terminate prior to your death).
BY RETAINING THE FOLLOWING PARAGRAPH, YOU MAY, BUT ARE
NOT REQUIRED TO, NAME YOUR AGENT AS GUARDIAN OF YOUR PERSON
OR CONSERVATOR OF YOUR PROPERTY, OR BOTH, IF A COURT
PROCEEDING IS BEGUN TO APPOINT A GUARDIAN OR CONSERVATOR, OR
BOTH, FOR YOU. THE COURT WILL APPOINT YOUR AGENT AS GUARDIAN
OR CONSERVATOR, OR BOTH, IF THE COURT FINDS THAT SUCH
APPOINTMENT WILL SERVE YOUR BEST INTERESTS AND WELFARE. STRIKE
THROUGH AND INITIAL PARAGRAPH 7 IF YOU DO NOT WANT YOUR AGENT
TO ACT AS GUARDIAN OR CONSERVATOR, OR, BOTH.
7. (_________) If a guardian of my person or a conservator for my property, or both, are
to be appointed, I nominate the agent acting under this power of attorney as such
guardian or conservator, or both, to serve without bond or security.
IF YOU WISH TO NAME SUCCESSOR AGENTS, INSERT THE NAME AND
ADDRESS OF ANY SUCCESSOR AGENT IN THE FOLLOWING PARAGRAPH:
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8. If any agent named by me shall die, become incapacitated, resign, or refuse to accept
the office of agent, I name the following each to act alone and successively, in the order
named, as successor to such agent:
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
For purposes of this paragraph 8, a person is considered to be incapacitated if and while
the person is a minor or a person adjudicated incapacitated or if the person is unable to
give prompt and intelligent consideration to business matters, as certified by a licensed
physician.
I agree that any third party who receives a copy of this document may act under it.
Revocation of the power of attorney is not effective as to a third party until the third party
learns of the revocation. I agree to indemnify the third party for any claims that arise
against the third party because of reliance on this power of attorney.
Signed on _____________________________, __________.
IF THERE IS ANYTHING ABOUT THIS FORM THAT YOU DO NOT UNDERSTAND, IT MAY
BE IN YOUR BEST INTEREST TO CONSULT A COLORADO LAWYER RATHER THAN SIGN
THIS FORM.
__________________________________
(Your signature)
__________________________________
(Your social security number)
YOU MAY, BUT ARE NOT REQUIRED TO, REQUEST YOUR AGENT AND
SUCCESSOR AGENTS TO PROVIDE SPECIMEN SIGNATURES BELOW. IF YOU
INCLUDE SPECIMEN SIGNATURES IN THIS POWER OF ATTORNEY, YOU
MUST COMPLETE THE CERTIFICATION OPPOSITE THE SIGNATURES OF THE
AGENTS.
NOTICE TO AGENTS: BY EXERCISING POWERS UNDER THIS DOCUMENT,
THE AGENT ASSUMES THE FIDUCIARY AND OTHER LEGAL
RESPONSIBILITIES OF AN AGENT UNDER COLORADO LAW.
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Specimen signatures of agent
I certify that the signatures of my
(and successors).
agent (and successors) are correct.
________________________________
________________________________
Agent
Principal
________________________________
________________________________
Successor Agent
Principal
________________________________
________________________________
Successor Agent
Principal
STATE OF COLORADO
)
) ss.
COUNTY OF ______________________
)
This document was acknowledged before me on _______________________________,
(date)
by ________________________________ who certifies the correctness of the
(name of principal)
signature(s) of the agent(s).
My commission expires: ____________________________
__________________________________
Notary public
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