Financial Power of Attorney

Colorado Durable Financial Power of Attorney

Important Information

This document gives the person named as agent broad authority over the principal's property and financial affairs. It does not authorize health-care decisions. Powers in Section 5 are withheld unless the principal initials the specific grant. The principal and proposed agent should obtain Colorado legal advice before signing or acting.

1. Principal and Agent

I, [________________________________], of [________________________________], Colorado, appoint:

Agent: [________________________________]

Address: [________________________________]

Telephone: [________________________________]

Email: [________________________________]

If that person is unable or unwilling to serve, I appoint:

First successor agent: [________________________________]

Address and telephone: [________________________________]

If that person is also unable or unwilling to serve, I appoint:

Second successor agent: [________________________________]

Address and telephone: [________________________________]

A successor agent may act only after each earlier-named agent has died, resigned, declined to serve, or become unable to act.

2. Durability and Effective Date

This power of attorney is effective immediately when I sign it.

This power of attorney is durable and is not terminated by my incapacity. It continues until I revoke it or it terminates under applicable law.

3. General Financial Authority

I grant my agent general authority over my property and financial affairs, including authority to:

• buy, sell, exchange, lease, manage, improve, insure, finance, and encumber real property;
• buy, sell, lease, store, insure, and otherwise manage tangible personal property;
• buy, sell, hold, vote, and manage stocks, bonds, commodities, options, and other investments;
• open, close, access, and manage accounts with banks, credit unions, brokerages, and other financial institutions;
• operate, reorganize, sell, or wind up a business or ownership interest;
• manage insurance policies and annuities;
• act regarding estates, trusts, beneficial interests, claims, and litigation, subject to Section 5;
• provide for my personal and family maintenance from my property;
• apply for and manage governmental, military, and civil benefits;
• manage retirement plans and accounts, subject to plan terms and federal law;
• prepare, sign, and file tax returns and deal with taxing authorities, subject to any separate agency form required by that authority;
• retain and pay lawyers, accountants, investment advisers, and other professionals; and
• sign, deliver, record, and file documents and take other lawful steps reasonably necessary to exercise the authority granted in this instrument.

This instrument does not authorize health-care decisions or the execution or revocation of a will.

4. Digital Assets and Electronic Communications

I expressly grant my agent authority over my digital assets, digital devices, electronically stored information, online accounts, and access credentials.

I expressly grant my agent authority over the content of electronic communications sent or received by me and give lawful consent for a custodian to disclose that content to my agent. I also authorize disclosure of the catalog of my electronic communications and my other digital assets. This direction is subject to any controlling direction I make through a custodian's online tool and to applicable federal law and terms of service.

My agent may access, control, copy, transfer, archive, delete, terminate, and manage digital assets; communicate with custodians; obtain account records; and manage electronically stored financial property and credentials.

5. Authority Requiring an Express Grant

The following powers are not granted unless I initial the specific line. A blank line means the authority is withheld. Any grant remains subject to the written limits beside it and to applicable law.

☐ Principal initials: [____] Create, amend, revoke, or terminate an inter vivos trust, but only as follows: [________________________________].

☐ Principal initials: [____] Make a gift, including a gift to the agent, but only as follows: [________________________________].

☐ Principal initials: [____] Create or change rights of survivorship.

☐ Principal initials: [____] Create or change a beneficiary designation, but only as follows: [________________________________].

☐ Principal initials: [____] Delegate authority granted under this power of attorney.

☐ Principal initials: [____] Waive my right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan.

☐ Principal initials: [____] Exercise fiduciary powers that I have authority to delegate.

☐ Principal initials: [____] Disclaim or refuse an interest in property, including a power of appointment.

6. Special Instructions and Restrictions

[____________________________________________________________]

[____________________________________________________________]

[____________________________________________________________]

My agent shall not use my property for the agent's own benefit except as expressly authorized in Section 5 or in these special instructions.

7. Agent Duties and Records

When acting, my agent shall:

• act in accordance with my reasonable expectations to the extent actually known and otherwise in my best interest;
• act in good faith;
• act only within the authority granted by this instrument;
• act loyally for my benefit;
• avoid conflicts that impair the agent's ability to act impartially;
• use care, competence, and diligence;
• keep records of receipts, disbursements, and transactions made for me;
• cooperate with a person authorized to make my health-care decisions when appropriate; and
• attempt to preserve my estate plan to the extent required by Colorado law.

8. Compensation and Reimbursement

Select one:

☐ Principal initials: [____] My agent may receive reasonable compensation and reimbursement of reasonable expenses.

☐ Principal initials: [____] My agent shall receive no compensation but may be reimbursed for reasonable expenses.

☐ Principal initials: [____] My agent's compensation shall be: [________________________________].

If no option is selected, my agent shall receive no compensation but may be reimbursed for reasonable expenses.

9. Reliance on Copies and Agent Certification

I authorize my agent to present the original or a copy of this instrument. A person asked to rely on it may request an agent certification, translation, or opinion of counsel as permitted by Colorado law.

10. Principal's Signature

I have read this document and intend to create an immediately effective durable financial power of attorney.

Date: [__/__/____]

Principal's signature: [________________________________]

Principal's printed name: [________________________________]

11. Acknowledgment

State of Colorado

County of [________________________________]

This record was acknowledged before me on [__/__/____] by [________________________________].

Notarial officer's signature: [________________________________]

Title and commission expiration: [________________________________]

Official stamp: [________________________________]

12. Agent Acknowledgment

I, [________________________________], accept appointment as agent. I have read this document and understand that I must act within the authority granted and comply with the duties imposed by Colorado law.

Date: [__/__/____]

Agent's signature: [________________________________]

Agent's printed name: [________________________________]

13. Optional Agent Certification

I, [________________________________], certify under penalty of perjury that:

1. I am the agent or successor agent named in this power of attorney.
2. To my actual knowledge, the principal is living, the power of attorney has not been revoked or terminated, and my authority has not been suspended or terminated.
3. If I am a successor agent, the event authorizing me to act is: [________________________________].
4. Other relevant facts concerning this power of attorney or my authority are: [________________________________].

Date: [__/__/____]

Agent's signature: [________________________________]

Agent's printed name: [________________________________]

Sources and References

• Colorado Revised Statutes 2025, Title 15 download page: https://content.leg.colorado.gov/agencies/office-legislative-legal-services/2025-crs-titles-download
• Colorado Uniform Power of Attorney Act, 2009 Session Laws, Chapter 106: https://content.leg.colorado.gov/sites/default/files/images/olls/2009a_sl_106.pdf
• HB 25-1076 signed act (2025 amendment to C.R.S. § 15-14-703): https://leg.colorado.gov/bill_files/82327/download
• Colorado Revised Uniform Fiduciary Access to Digital Assets Act, 2016 Session Laws, Chapter 71: http://leg.colorado.gov/laws/session-laws/SB16-088/71/download