All Colorado families are different. Some families are traditional and have a mom, dad and two kids; other families feature only one parent with one or more kids. Regardless of the family structure, concerned parents plan for their children's well-being. When children with special needs are involved, this special needs planning becomes even more critical.
Special needs planning required for special needs children
Signs a guardian may be abusing a senior citizen
Some senior citizens require guardianship, so someone with proper mental faculties must take over decision-making tasks regarding the person's finances and health. Unfortunately, not everyone who signs up to be a guardian is trustworthy. There are many cases of people who had their bank accounts completely cleaned out by unscrupulous guardians.
Estate planning may require some spring cleaning
The snow is starting to melt, flowers are beginning to bloom and kids are ready to play in the warmer weather. As spring kicks in, many Colorado families adhere to the yearly ritual of spring cleaning the house and yard. In addition to this ritual, it is also a good time to make sure that any cleaning up that needs to be done in regard to one's estate planning needs is acted upon.
3 benefits of estate planning
When they hear the term "estate planning," many people conjure images of wealthy families leaving vast inheritances and property to their children. However, estate planning is not just for the wealthy. Everyone can benefit from a comprehensive estate plan and the related issues, such as guardianship, trusts and wills.
Need for care services may be met with in-home help
For many in Colorado, the thought of declining health as they age can be frightening. Along with the uncertainty that an illness brings, there is the ever-increasing cost of health care, especially long-term care. When seniors consider their need for care services, they often express a desire to remain in their homes as long as possible. This means including the option for in-home care as they plan for their retirement.
Estate planning and living trusts
Taking care of loved ones is often a primary concern in planning for the future. As a part of this process, some Colorado residents want to make sure that their assets are passed on without the headache or expense often associated with probate. Thus, they establish a living will as a part of their estate planning process.
When nursing homes are understaffed
Accepting the fact that one of your parents may fare better in a nursing home or continuing care facility can be tough, and the process of finding that ideal assisted living situation often proves to be, as well. When you place your loved in in a residential home, chances are, you want to feel confident in knowing that the care he or she will receive is comparable to the care you, yourself, would provide. Regrettably, this is often not the case.
