Vincent, Romeo & Rodriguez, LLC
Call Now, For Phone Consultation
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

Financial Planning Archives

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.

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 citizens in Colorado often fall prey to both strangers and relatives who want to financially exploit them, which can seriously damage their assets. There are ways for people to protect themselves, and that includes comprehensive financial planning.

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 well-being. Older people in Colorado and across the country are often targeted by scammers hoping to make money off of those who may not fully understand how best to protect themselves. However, a recent study found that financial elder abuse is more likely to be perpetrated by people that a senior citizen knows, including members of the senior's own family.

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 medical care managed with durable powers of attorney. One point many people here in Colorado and around the country fail to think of is how to pay for long-term care. Allocating certain finances to cover the cost of a nursing home or other facility is an essential part of life care planning.

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 to the nature of this type of trust, there are limits as to what can be done; the individual will want to work closely with an elder law attorney to determine the appropriate course of action.

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 mom or dad is still competent to sign the forms. A durable financial POA is used to make the person appointed as POA an "attorney-in-fact" to deal with financial third parties in place of a parent, with the same rights as the parent. 

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 planning is a critical component of estate planning for the family's future.

Major Revisions to Rules for VA Aid and Attendance Benefits

The Veterans Administration has announced new rules for evaluating net worth, asset transfers and income exclusions under the Aid and Attendance program for wartime veterans and their surviving spouses. These changes go into effect on October 18, 2018 so it may be your last chance to plan before that date.

Financial planning is vital to a surviving spouse's future

Whether they live here in Colorado or somewhere else in the country, it is never too late for older couples to prepare for the future. Financial planning is a vital part of preparing for a surviving spouse's future. This will help the one left behind maintain an adequate standard of living.

Indispensable Caregiver Apps

Imagine a resource that can suggest simple adjustments around your home that will help someone with dementia live at home longer or put an elder at ease with songs from their youth. Then imagine fitting it in your hand. Here are a few of the apps that make life easier for everyone.

Email Us For a Response

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:

Louisville Office
1805 Hwy. 42
Suite 100
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
Louisville Law Office Map

Englewood Office
5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
Englewood Law Office Map

Phone Numbers:
Phone Numbers:
    • Super Lawyers
    • Super Lawyers
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • Life Care Planning Law Firms Association
    • National Academy of Elder Law Attorneys, Inc
    • NELF | National Elder Law Foundation