Vincent, Romeo & Rodriguez, LLC
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

April 2016 Archives

Share the details of your burial arrangements

There is so much more to estate planning than simply drafting a will. However, for many individuals, that's all they have, and when they pass, it is left up to the family members to pull together in a time of mourning and hastily make burial arrangements. This may even happen to individuals that have made their own burial arrangements. Without them sharing the details of their final wishes, it's anyone's guess if they will actually be carried out.

Asset protection and Medicaid and Medicare planning

Many individuals that have worked hard their entire lives may be under the assumption that there isn't any way of receiving Medicaid benefits while leaving their savings and assets intact. In fact, many seniors believe that their assets must be completely diminished before receiving Medicaid benefits. This assumption is not only inaccurate but can be disastrous for seniors hoping for worry-free golden years. Fortunately, by working with an experienced elder law attorney, aging seniors can take the steps they need to preserve their assets and still receive valuable Medicaid benefits.

Financial exploitation may not be obvious

Despite hearing countless stories about nursing home abuse and neglect, one of the greatest threats to our senior citizens is that of financial exploitation and abuse. Unlike physical abuse, financial exploitation does not leave immediate and noticeable injury and can go on for a substantially long time before being noticed. Understanding who is at risk and how it happens can help senior citizens, and their family members identify potential and occurring financial exploitation.

Fiduciary duties may be more difficult than you realize

When designating a guardian for your loved ones, it may be difficult to think that anyone can take as good care of them as you do, and this may make it an extremely difficult decision to handle. There are a large number of considerations you should take into account before assigning anyone as the guardian to your loved one. One of the most important aspects to examine when considering candidates for this responsibility is their ability and willingness to follow through with their fiduciary duties as a guardian.

What would happen if I died without an estate plan?

Even though having a will is an important aspect of a well-rounded estate plan, many individuals fail to plan for the future and draft one. When a person passes away without having a will in affect, his or her estate goes into intestate succession where state law dictates how an individual's property is handled.

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Louisville Office
1070 West Century Drive
Suite 200
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
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Englewood Office
5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
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