Legal Question in Elder Law in Colorado

We need to grant Power of Attorney to three people on behalf of one person. This is for financial decisions not emergency health situations. I understand that in health situations the agency would go to Person A, or if Person A is unable or unwilling to act, then Person B, etc. But for non-emergencies is it better to have 3 seperate POA's or one POA granting powers to 3 agents.

Thanks,

Paul Brown


Asked on 1/05/10, 4:15 pm

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

Powers of attorney are important and not something to be done without legal advice, especially under circumstances you describe. You normally should avoid having three separate POAs signed to three different people within the same scope of agency because that would automatically lead to conflicts as to which agent has authority.

I would strongly advise that the principal, the one authorizing the agency, contacts an attorney to advise them on this matter.

DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. For legal advice, you should retain legal counsel for advice regarding your specific circumstances.

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Answered on 1/11/10, 6:50 am


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