A financial power of attorney authorizes a person to act for the benefit of another on legal, unusual, or business matters. The power of attorney is a useful tool when a person?s ability to handle their financial affairs is diminished due to mental or physical incapacity.
Colorado law gives a power of attorney substantial power to manage your finances. A power of attorney over your finances can help preserve your estate to meet the needs of yourself and your family in the event you are unable to manage things yourself. Our attorneys can prepare the power of attorney to suit your individual needs and to ensure that your power of attorney has the appropriate power to handle your assets. We can also work with you to develop business succession planning so that your business assets and your personal assets are appropriately managed.
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Source: http://www.elderlawco.com/financial-power-attorney/
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