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...
All adults should have at least a basic estate plan. For some, creating a will is sufficient but other people will need to have at least one trust to pass their assets down to their heirs and beneficiaries. Anyone who’s considering establishing trusts should...
You have observed your father – a once active and gregarious man – transform into a shadow of his former self after he suffered a series of strokes. He walks with a wobble and can no longer drive. His balance is poor. He occasionally repeats himself and forgets...
It can be very difficult to accept that your mother or father's dementia has reached a stage where they need professional care. But once you come to grips with the fact that it's time to move your parent into an assisted living facility, you naturally want the process...