This power of attorney authorizes another person (your agent) to make general/financial decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the “Uniform Power of Attorney Act,” Part 7 of Article 14 of Title 15, of the Colorado Revised Statutes.
This power of attorney does not authorize the agent to make health care decisions for you (those powers are within the One-Stop Legal Shop Medical POA)
You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent’s authority will continue until you die, revoke the power of attorney, the agent resigns, or the agent is unable to act for you. Your agent is entitled to reasonable compensation unless you state otherwise in the special instructions.
This power of attorney provides for the designation of one agent. If you wish to name more than one agent you should understand that Coagents are not required to act together unless you include that requirement in the special instructions. If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. You may also name a second successor agent. This power of attorney becomes effective immediately unless you state otherwise in the special instructions.