If you have been appointed as agent under a power of attorney for another person, whether an elderly parent, grandparent or disabled sibling, you should know that, absent particular and unlikely circumstances, you are not personally responsible for paying nursing home...
The financial resources that you have acquired throughout your life will become part of your estate when you die. If you are like most parents, you probably hope that your children will ultimately inherit anything remaining at your death. For most people, their home...
Unfortunately, Medicare does not cover expenses associated with long-term care, such as for nursing homes or assisted living facilities, which can cost as much as $11,000.00 or more per month. Medicaid for long-term care services will, however, cover the cost of that...
When you designate a power of attorney, you are choosing an agent. This person is then allowed to act on your behalf under very specific circumstances. Those who are empowered to act as a power of attorney usually only utilize their authority when someone has been...
These days, having a “blended” family isn’t unusual, especially as more older adults are choosing to remarry. While all blended families are unique, they generally share some of the same concerns – including how to make estate planning and inheritances fair for...
Aging in place involves someone remaining in their home for as long as possible, possibly including through their time in hospice and palliative care at the end of their life. People often make major changes to their finances and homes so that aging in place is...
As the executor of someone's estate, it is your responsibility to distribute the deceased person's assets according to their wishes or state laws. This can be a complicated process, particularly if there are missing heirs who need to be located before probate can be...
Some forms of Colorado Medicaid are deemed so crucial to public health that the state is rather liberal with the benefits. Pregnant women can qualify for prenatal benefits on their current financial circumstances, and children can often receive Medicaid coverage even...
Maybe you have student loans from college that still have a six-figure balance despite years of making payments. Perhaps you tend to carry a high balance on your credit cards or still owe thousands in patient responsibility costs for recent cancer treatment. There are...
For business owners, estate planning is often wrapped up in business succession planning. The business is the most important and most valuable asset that the individual owns. They want to give it to their children so that it can continue running and providing an...