Termination/Revocation of Will or Power of Attorney
Termination of Power of Attorney
Colorado law provides that a power of attorney terminates when: (1) the principal (the person authorizing the power of attorney) dies; (2) the principal becomes incapacitated, if the power of attorney is not durable; (3) the principal revokes the power of attorney; (4) the power of attorney provides that it terminates; (4) the express purpose of the power of attorney is accomplished; (5) the principal revokes the agent*s authority or the agent dies, becomes incapacitated, or resigns, and the power of attorney does not provide for another agent to act under the power of attorney; or (6) an action is filed for the dissolution or anulment of the agent*s marriage to the principal or their legal separation, unless the power of attorney otherwise provides.
The agent must receive actual knowledge of the termination to be effective.
REvocation of Will
Colorado law provides that a Will may be revoked in several ways. Most wills contain a statement that all previous wills and codicils (a supplement or addition to a will that explains, modifies, adds to, subtracts from, qualifies, alters, or revokes existing provisions in a will). By statute, a will or codicil can be revoked by burning, tearing, cancelling, obliterating, or destroying the will or any part of the will. I recommend that you write REVOKED on the first and your signature pages of the will, that you sign those pages with your full name as in the will being revoked, and date your signature. I also recommend that you keep the revoked will and codicil if there is one so there will be no room to doubt your intentions.
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