The possibility of losing our independence as we get older can be upsetting to think about. However, confronting this potential reality and considering what to do if it should happen can be one of the most valuable planning steps you can take for yourself and your...
Financial Planning
What decisions does a fiduciary make?
The idea of a person making financial decisions on someone else's behalf can seem straightforward. And in the context of estate planning or long-term care planning, people often oversimplify fiduciary duties.To understand why fiduciaries are so important and why you...
How banks are working to tackle elderly financial abuse
Every year, elderly Americans are victims of financial abuse and fraud. This mistreatment comes from international scammers, unscrupulous businesses here in the U.S. and even the care providers and loved ones closest to the victim. No matter who engages in this...
5 signs your elderly parent could be a target for abuse
We expect people to treat seniors with compassion and respect, especially when they are struggling with declining health.Unfortunately, not everyone looks at this vulnerable group with kindness and consideration. Too often, exploitative parties look at them and see...
Financial planning can help seniors avoid elder abuse
Experts say that the life expectancy of the average person is rising, with many saying that people will soon regularly live to be 100 years old. This means that many families will need to be prepared for the financial demands of longer lives. Unfortunately, senior...
Elder abuse more likely to involve family members than strangers
Older adults face many difficulties that younger people do not. For some, the physical and mental decline that can come with old age may make it difficult to enjoy activities that they did previously. For other adults, those declines can be dangerous to their...
Life care planning can include long-term care insurance
Approaching the latter part of one's life is not a particularly pleasant thing to consider, but it is important to determine certain aspects in advance. This can include how assets will be left to beneficiaries under a will, or how one wants his or her end of life...
Experienced elder law attorney essential in altering trusts
The Colorado couple did their homework, decided that an A/B trust was the appropriate option for their circumstances and the plan was put in place. But, then life happened. One of the spouses died and the surviving spouse wants to alter beneficiaries of the trust. Due...
Myths about financial power of attorney for elder care
More adults than ever before expect to care for aging senior family members. They realize their loved ones may eventually become unable to care for their financial or medical needs. The senior's family may secure both a financial and medical power of attorney while...
Special needs planning critical for families with special needs
Raising a family and planning for its future can be a daunting task even in the best of circumstances. But for those Colorado families faced with the additional challenge of a special needs family member, this task is often magnified. In this case, special needs...
