Colorado Statutory Power of Attorney Form

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IMPORTANT INFORMATION FOR AGENT
AGENT'S DUTIES
WHEN YOU ACCEPT THE AUTHORITY GRANTED UNDER THIS POWER OF
ATTORNEY, A SPECIAL LEGAL RELATIONSHIP IS CREATED BETWEEN YOU AND
THE PRINCIPAL. THIS RELATIONSHIP IMPOSES UPON YOU LEGAL DUTIES THAT
CONTINUE UNTIL YOU RESIGN OR THE POWER OF ATTORNEY IS TERMINATED
OR REVOKED. YOU MUST:
(1) DO WHAT YOU KNOW THE PRINCIPAL REASONABLY EXPECTS YOU TO DO WITH
THE PRINCIPAL'S PROPERTY OR, IF YOU DO NOT KNOW THE PRINCIPAL'S
EXPECTATIONS, ACT IN THE PRINCIPAL'S BEST INTEREST;
(2) ACT IN GOOD FAITH;
(3) DO NOTHING BEYOND THE AUTHORITY GRANTED IN THIS POWER OF
ATTORNEY; AND
(4) DISCLOSE YOUR IDENTITY AS AN AGENT WHENEVER YOU ACT FOR THE
PRINCIPAL BY WRITING OR PRINTING THE NAME OF THE PRINCIPAL AND
SIGNING YOUR OWN NAME AS "AGENT" IN THE FOLLOWING MANNER:
(PRINCIPAL'S NAME ) BY (YOUR SIGNATURE ) AS AGENT
UNLESS THE SPECIAL INSTRUCTIONS IN THIS POWER OF ATTORNEY STATE
OTHERWISE, YOU MUST ALSO:
(1) ACT LOYALLY FOR THE PRINCIPAL'S BENEFIT;
(2) AVOID CONFLICTS THAT WOULD IMPAIR YOUR ABILITY TO ACT IN THE
PRINCIPAL'S BEST INTEREST;
(3) ACT WITH CARE, COMPETENCE, AND DILIGENCE;
(4) KEEP A RECORD OF ALL RECEIPTS, DISBURSEMENTS, AND TRANSACTIONS
MADE ON BEHALF OF THE PRINCIPAL;
(5) COOPERATE WITH ANY PERSON THAT HAS AUTHORITY TO MAKE HEALTH CARE
DECISIONS FOR THE PRINCIPAL TO DO WHAT YOU KNOW THE PRINCIPAL
REASONABLY EXPECTS OR, IF YOU DO NOT KNOW THE PRINCIPAL'S
EXPECTATIONS, TO ACT IN THE PRINCIPAL'S BEST INTEREST; AND
(6) ATTEMPT TO PRESERVE THE PRINCIPAL'S ESTATE PLAN IF YOU KNOW THE PLAN
AND PRESERVING THE PLAN IS CONSISTENT WITH THE PRINCIPAL'S BEST
INTEREST.
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