The last decade has seen a series of major changes affecting the health system, insurance coverage and patients' responsibility. These amendments have affected Medicare enrollees, too, and there is no sign the changes will be slowing down any time soon. The latest policies may be beneficial to some of Colorado's Medicare patients starting in 2019.
The numbers are staggering, but the reality can be even more so. Alzheimer's and dementia are on the rise throughout Colorado as well as the rest of the nation. The emotional and financial costs associated with a progressive disease such as these can be overwhelming.
Sometimes the signs are subtle and easy to miss. In other instances, the change is almost immediate and there is no time for the Colorado resident to take action. The fact, however, is often the same. A loved one is no longer able to make sound decisions and guardianship decisions must be made.
Spending money to save money may sound odd; however, in many cases, it is necessary for the Colorado resident to spend money in order to maximize his or her savings. This is especially true when it comes to estate planning. On the surface, it may seem like a simple process, yet once one looks at the overall picture, there are too many things that must be taken into account for the average individual to tackle this process without guidance.
It is impossible to predict the future, but with help, it may be possible to put plans into place that can allow a person to have security and stability months or years down the road. One way to do this is through effective and thorough estate planning, which is important for everyone. Some may believe this is a step only for the wealthy, but it is practical and prudent for everyone in Colorado, regardless of income level, assets and personal wealth.
Successful family businesses do not just happen. The Colorado business person spends time planning, analyzing and working to make the business successful. In addition to wanting the business to be successful now, he or she often looks to the future and the legacy that will remain once he or she is gone. The best way to do this is through careful estate planning that includes plans for the family business.
As people get older, they tend to become more vulnerable to abuse. The elderly often need more help with daily tasks and responsibilities, and those who are in a position to help are also in a position to abuse. It is sadly true that this potential sometimes comes to fruition. One of the most common forms of elder abuse is financial manipulation, and it is not always easy to spot when it is happening.