Most of the time, when you have executed a document such as a power of attorney, you don’t typically revisit it to check if it still conforms with existing laws.
General powers of attorney executed in the state of Colorado prior to 2010 may not conform with current state laws.
Revisiting your Colorado power of attorney is one of the best moves that you can do especially so because Colorado laws have been modified. You might be one of those who is affected by such modifications.
Background on Uniform Power of Attorney Act
In 2009, the state of Colorado approved the implementation of the Uniform Power of Attorney Act to take effect on the first day of January 2010. Colorado passed the Act after the Uniform Law Commission launched it in 2006. The commission aims to facilitate incapacity planning, a process calling for the appointment of an agent who will act on behalf of the grantor during, including decision making. This is usually resorted to by persons who wish to plan ahead, taking into consideration the possibility of impairment of one’s mental and/or physical abilities.
Electing a person who can act on your behalf should you be incapacitated is one of the preparations you can do to protect your interests.