{"id":94,"date":"2013-11-19T13:37:20","date_gmt":"2013-11-19T20:37:20","guid":{"rendered":"http:\/\/abclegaldocs.com\/blog-Colorado-Notary\/?p=94"},"modified":"2019-07-28T10:24:58","modified_gmt":"2019-07-28T16:24:58","slug":"power-of-attorney-agent-record-book","status":"publish","type":"post","link":"https:\/\/www.abclegaldocs.com\/blog-Colorado-Notary\/power-of-attorney-agent-record-book\/","title":{"rendered":"Power of Attorney, Agent Record Book"},"content":{"rendered":"<h1 style=\"text-align: justify;\"><a href=\"https:\/\/www.abclegaldocs.com\/blog-Colorado-Notary\/wp-content\/uploads\/Colorado_Law_200x200.jpg\"><img decoding=\"async\"  class=\"alignleft size-full wp-image-1751\" src=\"data:image\/gif,GIF89a%01%00%01%00%80%00%00%00%00%00%FF%FF%FF%21%F9%04%01%00%00%00%00%2C%00%00%00%00%01%00%01%00%00%02%01D%00%3B\" data-layzr=\"https:\/\/abclegaldocs.com\/blog-Colorado-Notary\/wp-content\/uploads\/Colorado_Law_200x200.jpg\" alt=\"Colorado Law\" width=\"200\" height=\"200\" \/><\/a>Power of Attorney, Agent Record Book<\/h1>\n<p style=\"text-align: justify;\">If you are serving as an <strong>agent<\/strong> under a <strong>Power of Attorney<\/strong> (<strong>POA<\/strong>),\u00a0keep an<strong> agent record<\/strong> of your actions.\u00a0 In Colorado, the statutory POA provided in the law includes instructions regarding the <strong>agent&#8217;s duties<\/strong>.<\/p>\n<p style=\"text-align: justify;\">When you accept the authority\u00a0granted under a POA, you have legal duties that\u00a0continue until you resign, or the POA is terminated or revoked.<!--more--><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Duty_of_Loyalty\"><\/span>Duty of Loyalty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">You must <strong>act according to the terms of the POA<\/strong>, <strong>loyally<\/strong>, in the <strong>best\u00a0interest<\/strong> of the principal, and in <strong>good faith<\/strong>, using <strong>reasonable care<\/strong>, <strong>competence, <\/strong>and <strong>diligence<\/strong>.\u00a0 You should not exceed the authority granted by the POA and must sign documents in your capacity as the agent or attorney-in-fact for the principal.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Conflict_of_Interest\"><\/span>Conflict of Interest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">You must <strong>avoid conflicts of interest<\/strong> that would impair your ability to perform your duties,\u00a0<strong>cooperate<\/strong> with any person that has the authority to make <strong>health care decisions<\/strong> for the principal, and attempt to\u00a0<strong>preserve\u00a0the principal&#8217;s estate plan<\/strong>.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Termination\"><\/span>Termination<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">You must <strong>follow any\u00a0special instructions<\/strong> in the POA, and stop acting as an agent when your <strong>authority terminates<\/strong> due to the <strong>death<\/strong> of the principal,\u00a0<strong>revocation<\/strong> of the POA, a <strong>terminating event<\/strong> stated in the POA, or the purpose of the POA has been <strong>fully accomplished<\/strong>.<\/p>\n<p style=\"text-align: justify;\">If you <strong>violate<\/strong> the <strong>Uniform Power of Attorney Act (UPOAA)<\/strong>\u00a0or <strong>act outside of your\u00a0authority<\/strong> as an agent, <strong>you may be held liable<\/strong> for any damages caused by your violation.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Agent_Record\"><\/span>Agent Record<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>Keep an agent record<\/strong> of all <strong>receipts, disbursements, and transactions<\/strong> made on behalf of the principal.\u00a0 Keep a record of your phone calls, correspondence, meetings,\u00a0documents processed, travel and actions taken as an agent.<\/p>\n<p style=\"text-align: justify;\">In\u00a0addition to\u00a0keeping individual records, it is useful to <strong>keep an agent record book<\/strong> or <strong>log<\/strong> that shows all of your actions, so that you do not forget to perform a duty, and so that another person can see what\u00a0you have done.\u00a0 This can be very useful to show to the principal, or a designated <strong>monitor<\/strong>, or to show to a successor agent if you need to resign as the primary agent and let a secondary agent take over.<\/p>\n<p style=\"text-align: justify;\">A free sample PDF version of a POA agent record book form is available at <strong><a href=\"https:\/\/www.abclegaldocs.com\/Downloads_small\/POA_Agent_Record_Book.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Power of Attorney Agent Record Book<\/a><\/strong>.<\/p>\n<p style=\"text-align: justify;\">Contact an attorney for\u00a0legal advice.<\/p>\n<p style=\"text-align: justify;\">Visit our website for <strong><a href=\"https:\/\/www.abclegaldocs.com\/blog-Colorado-Notary\/mobile-notary\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-slimstat-async=\"false\" data-slimstat-callback=\"false\" data-slimstat-tracking=\"false\" data-slimstat-type=\"2\" data-slimstat-clicked=\"false\">Colorado Springs Mobile Notary<\/a><\/strong>\u00a0services or <strong><a href=\"https:\/\/www.abclegaldocs.com\/blog-Colorado-Notary\/colorado-notary-training\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-slimstat-async=\"false\" data-slimstat-callback=\"false\" data-slimstat-tracking=\"false\" data-slimstat-type=\"2\" data-slimstat-clicked=\"false\">Colorado Notary Training<\/a>\u00a0<\/strong>classes.<\/p>\n<p style=\"text-align: justify;\">\u00a9 Copyright 2013 ABC Legal Docs, LLC All rights reserved. Do not copy. Citations welcome. Terms of Use apply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power of Attorney, Agent Record Book If you are serving as an agent under a Power of Attorney (POA),\u00a0keep an agent record of your actions.\u00a0 In Colorado, the statutory POA provided in the law includes instructions regarding the agent&#8217;s duties. When you accept the authority\u00a0granted under a POA, you have legal duties that\u00a0continue until you resign, or the POA is terminated or revoked.<\/p>\n","protected":false},"author":1,"featured_media":1751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1091,1092],"tags":[87,1277,17,95,92,93,39,2155,2154,85,42,94,97,96],"class_list":["post-94","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colorado-law","category-legal-forms","tag-agent","tag-agent-record","tag-colorado","tag-diligence","tag-duties","tag-good-faith","tag-liability","tag-log","tag-monitor","tag-poa","tag-power-of-attorney","tag-reasonable-care","tag-record-book","tag-special-instructions","has_thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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