Did you know that nearly one quarter of adults over the age of 65 are socially isolated? This statistic, which comes from a study by the National Academies of Sciences, Engineering, and Medicine, means that one in four seniors lacks the interaction and personal...
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Planning now for an uncertain future
By the time a person requires long-term care, it can be too late to do the kind of financial planning that maximizes savings. . Too often, people find themselves dealing with a crisis that exposes the gaps and oversights in their planning, making an already difficult...
Is it time to update your substitute decision-makers?
Giving someone the authority to make financial or personal decisions on your behalf is not a decision people make lightly. People typically want to feel confident that they appoint someone qualified, trustworthy and responsible. Once they name their substitute...
Recent estate plan changes can trigger probate disputes
If you have an estate plan, you have the right to ensure it reflects your wishes. And as time goes by, those wishes can change, which is why it is crucial to update your plan. That said, as valuable as it is to revise an estate plan, there are ways people do it that...
Legislation provides help for dementia patients, abuse victims
Older adults who suffer from dementia or Alzheimer's disease are tragically at an increased risk of being abused. To better serve this vulnerable population, lawmakers have passed a law that will provide better training and education for the people who can help these...
Will Medicaid pay for my parent’s nursing home?
It is not easy to see a parent's physical and mental health decline, whether it happens gradually or suddenly. Adult children can find it very troubling to think about a parent's medical needs and whether they can afford the care they deserve. Often, parties worry...
Creating an estate plan that reflects your values, beliefs
Estate planning can be incredibly valuable for financial purposes, from preserving assets to covering long-term care expenses. However, there is more to estate planning than money. An estate plan can also convey a person's beliefs and values. Things like final...
How to spot signs of financial elder abuse
In previous blog posts, we have talked about the upsetting consequences of financial abuse by a fiduciary, like an agent under power of attorney. These parties are supposed to protect the interests of vulnerable adults, but too many of them use their position to...
Medicaid planning myths you should not believe
According to Medicaid.gov, about 1.2 million Coloradoans are enrolled in the Medicaid program. This is roughly 22 percent of the state's population. And while many of us know someone who receives Medicaid, there remains a wide range of myths about the program. Those...
Young and single? You still need to think about estate planning
If you are young, healthy and unmarried, chances are one of the last things on your mind is estate planning. You might assume you have nothing to protect, or you might think that your parents will be able to make any decisions on your behalf if you become...
