Paying for medical care can be extremely expensive, especially as a person gets older and requires more care-related services. Planning for how you will pay for these services before you actually need them can allow you to protect your legacy and secure the care you...
Month: February 2020
3 critical estate planning tips for new parents
Welcoming a new baby into your family is a joyous and overwhelming experience. Between sleepless nights and figuring out feeding schedules, most new parents have more than enough to think about during those first few months. However, when things start to normalize,...
3 things to know about estate recovery in Colorado
Most nursing home residents in the U.S. have at least some of their medical costs covered by Medicaid. If you expect to be part of this group, or if you have a parent or spouse who is part of this group, you should be aware of estate recovery measures.Broadly, estate...
4 reasons your will could cause problems for loved ones
Every adult should have a will as part of their estate plan. Unfortunately, creating a comprehensive will is not a priority for most people. Many people simply put it off or they assume that having a standard, generic will in place will suffice.In either case, loved...
What decisions does a fiduciary make?
The idea of a person making financial decisions on someone else's behalf can seem straightforward. And in the context of estate planning or long-term care planning, people often oversimplify fiduciary duties.To understand why fiduciaries are so important and why you...
4 signs of undue influence to watch for in elderly loved ones
As our parents and loved ones get older, their needs change. And to ensure their needs are met, spouses, children and relatives may be willing to do whatever they can to help. Such measures could include taking a loved one in to live with them, hiring aides or placing...
Irrevocable trust as an estate planning option
In addition to creating a will, many Colorado residents find that creating trusts may be in their best interests. The will does direct how the individual wishes his or her assets to be dispersed; however, a trust may provide increased benefits such as minimizing...
Can we resolve guardianship disputes without court?
Making decisions on behalf of someone else can be far more difficult than people expect. Not only must a person make complicated financial and medical decisions, he or she must do so based on what he or she believes are an incapacitated ward's best interests.Under...
Can I put a camera in my parent’s nursing home room?
Having a parent in the care of a nursing home facility can be reassuring when he or she has medical needs that make living at home dangerous or impossible. However, adult children can be also understandably nervous about the treatment he or she is (or is not)...
6 events that should give rise to elder-care planning
Getting older typically comes with a host of changes. Whether these changes are physical, emotional, social or financial, they can take a toll on our lifestyles and health. As such, it is important to revisit our goals and care plans as our needs change. Such a review...
