An elder care plan can provide critical guidance and support in emergencies: a severe accident, a sudden illness. However, planning is not just for emergencies. Many people develop health conditions as they get older that gradually affect their mental capacity and...
Did you know that nearly one quarter of adults over the age of 65 are socially isolated? This statistic, which comes from a study by the National Academies of Sciences, Engineering, and Medicine, means that one in four seniors lacks the interaction and personal...
By the time a person requires long-term care, it can be too late to do the kind of financial planning that maximizes savings. . Too often, people find themselves dealing with a crisis that exposes the gaps and oversights in their planning, making an already difficult...
Giving someone the authority to make financial or personal decisions on your behalf is not a decision people make lightly. People typically want to feel confident that they appoint someone qualified, trustworthy and responsible. Once they name their substitute...
If you have an estate plan, you have the right to ensure it reflects your wishes. And as time goes by, those wishes can change, which is why it is crucial to update your plan. That said, as valuable as it is to revise an estate plan, there are ways people do it that...
Older adults who suffer from dementia or Alzheimer's disease are tragically at an increased risk of being abused. To better serve this vulnerable population, lawmakers have passed a law that will provide better training and education for the people who can help these...
It is not easy to see a parent's physical and mental health decline, whether it happens gradually or suddenly. Adult children can find it very troubling to think about a parent's medical needs and whether they can afford the care they deserve. Often, parties worry...
Estate planning can be incredibly valuable for financial purposes, from preserving assets to covering long-term care expenses. However, there is more to estate planning than money. An estate plan can also convey a person's beliefs and values. Things like final...
In previous blog posts, we have talked about the upsetting consequences of financial abuse by a fiduciary, like an agent under power of attorney. These parties are supposed to protect the interests of vulnerable adults, but too many of them use their position to...
According to Medicaid.gov, about 1.2 million Coloradoans are enrolled in the Medicaid program. This is roughly 22 percent of the state's population. And while many of us know someone who receives Medicaid, there remains a wide range of myths about the program. Those...