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the colorado power of attorney in this video we will explain what types of power of attorneys there are and what you need to know when creating one in colorado what is a power of attorney a power of attorney is a document that allows you to legally appoint someone else to make specific decisions on your behalf if you need help or lose the ability to make decisions it might also be handy when you need someone to handle your financial or other matters for a short period for example during your vacation or hospital stay someone whos giving authority is called a principal while the person receiving the authority is usually called an agent or an attorney in fact but some of the less common names also include representative proxy and surrogate what types of power of attorney can you create by duration a durable power of attorney which is used if you need a poa that will remain in effect even if you become incapacitated in many states the durability of power of attorney is presumed which mea