The will has been drafted, trusts have been created and the estate plan is in place. Once each of these items is taken care of, the Colorado resident may believe that he or she has adequately protected his or her family and estate. Yet, if Medicaid planning has not...
Month: December 2018
Understanding the basics of a power of attorney
You have probably heard of something called a power of attorney, especially when it comes to your aging parent. When going over the estate and medical directives, a power of attorney is an important document to include.What is a power of attorney and why is it so...
Preparation key to saving time and money with estate planning
As with most things, preparing ahead of time for one's initial meeting with an attorney can save both time and money. Estate planning encompasses a vast array of decisions which must be made and assets which must be addressed. By thinking through some of the basics...
Is your elderly parent being exposed to financial abuse?
Let us say your mother, a widow who lives alone, is about to turn 80. She has always been alert and active, but lately, you have noticed some cognitive changes.Your mom attends an exercise class at the senior center and has made a new male friend. Is it your...
When are estate planning updates necessary?
As Colorado readers know, estate planning is important for almost everyone, regardless of income level or the size of the estate. Drafting a will and having in place other types of estate planning documents can give a person peace of mind regarding the future, but it...
Estate planning as a part of disaster planning
What if the unthinkable happened? All of a sudden, almost everything that the Colorado resident spent years acquiring disappeared in an instant. While this may seem like a far-fetched idea, it is reality for some individuals. Natural disasters, accidents and other...
Dementia diagnosis a good time to review aging parent’s care plan
Discussing living arrangements with your aging parent may be a difficult conversation. There are some events, however, that make this discussion more urgent. With 5.3 million people in the United States over the age of 65 diagnosed with Alzheimer’s disease, according...