When faced with one's mortality, each individual reacts in a very personal way. Some Colorado residents become reflective and want to review their history. Others think to the future and want to establish ways in which to mold the future for loved ones. With each of...
Month: October 2018
What to do if you suspect financial elder abuse
Unfortunately, nursing home abuse is more prevalent than most people realize. One employee who used to work at the Colorow Care Center in Colorado will stand trial for pushing a resident against a wall. Sadly, there is another type of abuse that is just as common...
Medicaid planning and inheritances
Timing is everything. This is especially true as a Colorado resident considering Medicaid planning. The timing involved in transferring assets, inheriting assets and making purchases can be important factors in estate planning and determining Medicaid...
Frequently asked questions about Medicaid
Medicaid is a federal benefit program that many people in the United States use. Despite the fact that it is a widespread program, many people do not fully understand how to access it, how to apply or who is eligible.If you have questions about Medicaid, it is...
Planning for the long-term care of your parents
No one likes to think about what is going to happen as their parents grow older, but for most people, doing so is a necessary, if unfortunate, reality. In many cases, the easiest time to begin long-term care planning is early on, when your parents are still relatively...
Do you know these 3 facts about Medicaid?
Medicaid is a program that helps many elderly people in the United States, and yet there are many myths and misconceptions about it. Before people make any assumptions about Medicaid, they should learn some of the most basic facts.Here are three important pieces of...
Major Revisions to Rules for VA Aid and Attendance Benefits
The Veterans Administration has announced new rules for evaluating net worth, asset transfers and income exclusions under the Aid and Attendance program for wartime veterans and their surviving spouses. These changes go into effect on October 18, 2018 so it may be...
Intellectual property needs to be included in estate planning
It starts as a great idea. Then, with a little bit of effort, the idea turns into something with financial worth. Suddenly, the Colorado resident has an idea, design, artistic creation or other such item that produces income and/or royalties. Amid all of the...
3 myths and misconceptions about estate planning
Creating an estate plan is an essential task that will provide guidance and comfort for the people who love you. Having an estate plan will also give you a sense of relief knowing that your assets will transfer to your heirs according to your wishes. However, setting...
Financial planning is vital to a surviving spouse’s future
Whether they live here in Colorado or somewhere else in the country, it is never too late for older couples to prepare for the future. Financial planning is a vital part of preparing for a surviving spouse's future. This will help the one left behind maintain an...
