POWER OF ATTORNEY
For many people, a Durable Power of Attorney (POA) is the most important estate-planning instrument available. A POA allows the person you appoint, your “attorney-in-fact” to act in your stead for financial purposes as soon as it is executed. It is particularly useful, when, and if, you become incapacitated.
HEALTH CARE PROXY/LIVING WILL
Any complete estate-planning document should include a medical directive. A Health Care Proxy allows you to designate another individual to make health care decisions for you if you are unable to do so yourself.
In Colorado, no one is automatically authorized to make healthcare decisions for another adult–not spouses, adult children, other family members, nor physicians.