Colorado Power of Attorney
If you have been looking into Colorado power of attorneys you may have noticed there is one for every occasion. Special power of attorneys give power to your agent to act on your behalf in very limited situations. A vehicle power of attorney is strictly for signing titles while a real estate power of attorney is for signing a deed. There are children power of attorneys and medical power of attorneys, again with very limited powers. A general power of attorney, on the other hand, gives your agent a very broad range of decision making and document signing authority.
Another Type of POA is a durable power of attorney. While most power of attorneys become void if you loose your mental capacity, a durable one becomes effective at that time. The two most common types of durable power of attorneys are the financial one and the medical one. A durable financial power of attorney gives your agent the authority to make all of your financial decisions for you if at any time a doctor determines you are incapable of doing so yourself. A durable medical power of attorney does much the same thing, allowing someone you trust to make medical decisions for you.
A financial document is much the same as a general power of attorney, they both grant a wide range of authority. A medical, or health power of attorney is a little different. With this type of power of attorney you are allowing your agent to make medical decisions for you and carry out a detailed health plan designed so all of your concerns are noted and instructions followed. In most cases a very strict set of guidelines is included with this document, call a health care directive. In this case most of the decisions that need to be made have already been spelled out by you. Your agents primary job is to see to it that your health care providers follow your instructions.
In Colorado your power of attorneys become void if you have named your spouse as your agent and you get a divorce. Another way for your Colorado power of attorney to be nullified is if your agent cannot be located. It is a good practice to always name an alternative agent to avoid this problem.
If you currently have a Colorado estate planning attorney you may already have your durable financial and medical power of attorneys in place. If not, this is something you may want to discuss with your attorney. The forms are easy to find and fill out, you may want to do it yourself. Visit Legal Zoom for all your legal documents, including Colorado power of attorney forms.
From Colorado Power of Attorney to Power of Attorney
|
