When a person faces an accident and suddenly becomes disabled, he or she still has finances to manage. In the US, this case requires having a special document that is called a “Durable Power of Attorney” (or DPA form). With this document, a person assigns someone (an agent or a trusted attorney) who will have the power in finances’ management when a person is unable or unavailable to do so.
Why is it durable? Because once you sign this form, it will last until you either die or call it off.
Please note that DPA has nothing to do with your health or physical condition. It only allows someone to be responsible for your money and property in case you cannot manage them anymore due to your physical state. In the document, you will find various options of what your agent or attorney will or will not be able to do.
The rules for completing the durable power of attorney form are different and vary from state to state. Some states require calling a notary to verify the form and a witness additionally. Others, by law, require only the notarization. It is important that the individuals that sign the form are all in good conscience.
Colorado power of attorney forms – visit for more Colorado-specific power of attorney documents that you may need.
As stated in section 15-14-705 of the Colorado state law, signing a form should be accompanied by a notary.
In Colorado, you may assign more than one agent to ensure that there will be someone who may act in accordance with the form you had signed, as written in section 15-14-741 of state law. In this section, you may also find the template of the DPA form.
While creating a DPA form in Colorado, you will see a section with a list of actions and properties that your agent or attorney will be able to do. You may opt for several or all of them. This list includes various points:
And other powers that your chosen agent can be responsible for. So, before signing the form, please ensure that you have analyzed all of the points and have chosen the most relevant for you.
To create a form in Colorado, do not forget to print out three copies of the document as recommended, choose a person that you can trust all your properties, and call a notary. Keep in mind that you may assign either an agent or your spouse, relatives, or children. Also, this document in Colorado gives you an opportunity to choose a “successor” agent: the one who will come into effect if your first choice is not available.
The form is simple and contains only six pages.
If you have questions and are afraid of making mistakes in the Colorado DPA form, you may use our guide with the instructions for completing the form step by step.
1. Download the Template
To start, you have to download the template of the DPA form. You may use our form building software to simplify the process.
2. Read the Following Information Thoroughly
In the beginning, you will see the “important information” section. Read the page below the headline thoroughly. The key points about the DPA in Colorado are stated here, including the conditions and the meaning of the form.
3. Designate the Agent
Below the text with the general points about the DPA form in Colorado, you will see a section called “Designation of agent” and lines to fill out. In the first line, put your own full name. Further, you will see the lines for your agent’s (attorney’s) name, his or her address, and a valid phone number.
4. Designate the Successor Agent (or Agents)
As we have mentioned before, in Colorado, you may assign more agents that will be able to act in case your first agent is not available. You can either add one successor agent or fill in two people that can take action. Their addresses and phone numbers are also needed in this section.
5. Choose the Responsibilities of Your Agent
This section reveals what your agent(s) or attorney(s) will be responsible for: from dealing with banks and other financial institutions to paying taxes. The list consists of the following points:
To opt for some of those, put your initials in the field on the left-hand side. The last line allows you to choose all of the points. If you want to do so, put the initials only once.
6. Choose Additional Responsibilities of Your Agent(s)
In the section below, you will be able to choose the additional statements that define the responsibilities and capabilities of your agent(s) or attorney(s). Among the points are gift making, assigning other people to be your agents, and more. Read them carefully and think twice before you choose one or another.
The info text also warns you that by choosing those options, you may accidentally decrease your properties.
You may choose them with your initials on the left-hand side, too.
7. Add Special Instructions
This section is not mandatory, so you can fill out the lines only if you have some special instructions regarding this DPA form.
8. Assign a Guardian or a Conservator
This block is optional, too. If you have a candidate to assign as your guardian or estate conservator, fill in the information below. The information required in the document includes the full names, addresses, and telephone numbers.
9. Sign the Form
As a principal, you will need to insert your name and signature. The phone number, address, and Colorado county name are required as well. Do not forget to put a date of signing in this section.
10. Ask a Notary to Sign
Finally, a notary should verify and seal (if applicable) the DPA form, as it is stated by the law of Colorado.