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November 2013 Archives

New Colorado law may prevent seniors from becoming abuse victims

Elderly people in Colorado are unfortunately susceptible to abuse of many different types. They are sometimes seen as easy targets for fraudsters - over 60 percent of abuse cases involving the elderly involve the exploitation of their finances. For example, an elderly Fort Collins couple was duped out of $16,000 by a person pretending to be their granddaughter. The woman claimed she needed bail money to get out of a jail in Peru. In another case, an elderly Fort Collins woman was employing a caregiver who eventually stole over $45,000 from her. Both of these incidents happened just this year.

Stepfamilies face struggles when caring for ailing family members

Stepfamilies are becoming more and more common in Colorado and across the United States. Forty-five percent of marriages currently end in divorce, and 60 percent of men get remarried. This means that four out of every 10 Americans have one or more step-relatives. Many stepfamilies get along well, but there are a multitude of tensions that can arise when a parent remarries. One of the most difficult situations that a stepfamily can face involves a step-relative becoming part of a caregiving team for an elderly or sick family member.

Court to decide future of Andy Warhol portrait of Farrah Fawcett

A portrait of the late actress Farrah Fawcett, painted by art legend Andy Warhol, has an uncertain fate. Fawcett's will decrees that all of her artwork is to be given to the University of Texas at Austin. However, Ryan O'Neal, her partner for 30 years, claims that Warhol gave the painting to him as a gift. The dispute has resulted in a court proceeding which will ultimately decide where the painting should end up.

Construction on large senior living facility begins in Thornton

Construction has begun on a lavish senior living complex near the intersection of 123rd Avenue and Washington Street in Thornton. The four-story facility is planned to have 72 units, including 50 one-bedroom apartments and 22 two-bedroom apartments. The complex will also include outdoor amenities that are open to the public, including a dog park, a putting green and community gardens. Indoors, the senior residents will have access to an exercise room, a beauty salon, a theater and a sun room.

Lakewood meeting discusses concerns about senior housing

A town hall meeting recently held in Lakewood allowed senior citizens to discuss questions with lawmakers regarding housing for the elderly. The panel of lawmakers included two Colorado state senators and two state representatives, as well as the director of the Colorado division of housing and a program manager from the Denver Regional Council of Governments. State Senator Andy Kerr stated that he has received a large number of emails and calls regarding senior housing lately and that Colorado citizens seem to be particularly concerned about it.

Guilty plea entered in case of swindled elderly Denver man

Dealing with an aging relative can be incredibly difficult. Nobody wants to watch a loved one lose the ability to physically take care of him or herself, especially if it is accompanied by Alzheimer's or mental illness. However, a situation can become exponentially more painful if a plan isn't taken to protect an elderly person from abuse. There are, unfortunately, people out there who are looking to take advantage of the elderly for personal gain. Aging people that have a lot of liquid assets can be seen as easy targets for fraudulent schemes, so it's important to protect them before a problem occurs. Establishing financial conservatorships can prevent senior citizens from being swindled.

Some options to help bolster your estate plan

One of the common questions that many Denver residents have when they are planning their estate is "what should I do about the inheritance I want to leave my children?" Inheritance can be a tricky endeavor because of the taxes and rules that apply to it; but there are ways for people to creatively and efficiently address the issues with their estate plan (and, subsequently, the inheritance they plan to leave).

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