The Colorado couple did their homework, decided that an A/B trust was the appropriate option for their circumstances and the plan was put in place. But, then life happened. One of the spouses died and the surviving spouse wants to alter beneficiaries of the trust. Due...
Month: January 2019
Change these estate planning documents after a divorce
Divorce is rarely easy. There are a lot of moves you need to make during this time, and there is much more you have to do once the divorce is final in regard to your estate plan. In general, you want to wait to change these documents until after the divorce....
Estate planning and digital assets
When a Colorado resident dies, his or her estate typically passes on to the beneficiaries. However, in reality, this is not always the case. While technology has made keeping in touch with friends and managing financial accounts easier, it has also created concerns...
Myths about financial power of attorney for elder care
More adults than ever before expect to care for aging senior family members. They realize their loved ones may eventually become unable to care for their financial or medical needs. The senior's family may secure both a financial and medical power of attorney while...
Don’t forget to include this important part of care coordination
When making plans for the future, there are a lot of things to consider. One of them is what would happen in the event that a Colorado resident is no longer able able to make decisions on his or her own behalf. There are estate-planning documents that can help with...
Can people change estate plans when they have dementia?
It is an unfortunate reality that a common part of aging involves losing mental faculties. Around the globe, over 50 million people suffer to some extent from dementia, and millions of more people develop it every year. It is sad for children seeing their parents...
Understanding Colorado guardianship rules
When a loved one is unable to care for him or herself, family members may struggle to make the best choices. There may be financial concerns, such as managing the estate of an elderly parent who is showing signs of dementia. Perhaps most urgently, family and friends...
Will the Medicaid program waiver help you stay in your home?
You may be elderly and have an impairment, but you do not want to move to a nursing facility. You have heard about a Medicaid waiver that could help you remain in your home. What is this waiver all about, and how would you qualify?Medicaid in ColoradoHealth First...
Special needs planning critical for families with special needs
Raising a family and planning for its future can be a daunting task even in the best of circumstances. But for those Colorado families faced with the additional challenge of a special needs family member, this task is often magnified. In this case, special needs...
Remarriage and estate planning
After your mother died, you took care of dad. Now things have changed. Your dad remarried, and she also has grown children. The two of them are not wealthy, but they did get comfortable estates when their other spouses died. Is it appropriate to have a conversation...
