Statutory Form Power Of Attorney - State Of Colorado (Page 6 of 6) in pdf

Statutory Form Power Of Attorney - State Of Colorado Page 6

(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.

Termination of agent’s authority

You must stop acting on behalf of the principal if you learn of any event that terminates this

power of attorney or your authority under this power of attorney. Events that terminate a power of

attorney or your authority to act under a power of attorney include:

(1)

Death of the principal;

(2)

The principal’s revocation of the power of attorney or your authority;

(3)

The occurrence of a termination event stated in the power of attorney;

(4)

The purpose of the power of attorney is fully accomplished; or

(5)

If you are married to the principal, a legal action is filed with a court to end your

marriage, or for your legal separation, unless the special instructions in this power of attorney state

that such an action will not terminate your authority.

Liability of agent

The meaning of the authority granted to you is defined in the Uniform Power of Attorney Act,

part 7 of article 14 of title 15, Colorado Revised Statutes. If you violate the Uniform Power of

Attorney Act, part 7 of article 14 of title 15, Colorado Revised Statutes, or act outside the authority

granted, you may be liable for any damages caused by your violation.

If there is anything about this document or your duties that you do not understand, you

should seek legal advice.

STATE OF COLORADO STATUTORY FORM POWER OF ATTORNEY

Page 6 of 6

Statutory Form Power Of Attorney - State Of Colorado Page 6