A power of attorney is a legal document that allows a person to designate someone else to act on his or her behalf. These types of documents can be important if you’re out town or otherwise unavailable to take care of your affairs.
There are lots of circumstances that could call for a power of attorney. For instance, you might need someone to pay your bills while you are out of the country, so you designate your nephew as the person in charge through a power of attorney. Or, if you’re going on vacation and leaving the kids with grandma, you may want to appoint her their guardian through a power of attorney.
In legal terms, power of attorney allows you to give away rights of control. Further, you can give away very specific rights, while retaining other rights.
Bradford Publishing offers a variety of Colorado power of attorney forms, such as: State of Colorado Statutory Power of Attorney (or “General Power of Attorney)”, Limited Power of Attorney, Power of Attorney for Real Estate, Medical Power of Attorney and Power of Attorney for Limited Guardianship.
Whether you’re a Navy crewman who wants to let someone pay your bills while you’re at sea; an investor who intends to allow someone else to control your investment portfolio; or a healthy widower preparing for the possibility of moving to a nursing home, you can use a power of attorney to help manage your affairs.
For more information see, Using Powers of Attorney in Colorado, Bradford Publishing’s Legal Series