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February 2020 Archives

What does Medicaid cover?

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 want without requiring others to make these decisions for you.

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.

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 him or her in a long-term care facility.

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 estate taxes and shielding assets from creditors. In some cases, adding an irrevocable trust as part of one's estate planning portfolio is desirable.

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.

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