Coloradoans might find some of the new rules established by the Affordable Care Act to be complicated or surprising. One such rule involves the fact that people enrolled in expanded Medicaid might now be subject to government asset attachment when a beneficiary dies....
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: January 2014
Why Coloradoans should take control of their end-of-life care
Talking with loved ones about your end-of-life wishes is perhaps one of the most uncomfortable conversations a person could have. However, the tragic story of a 13-year-old girl recently being declared brain dead has captured national attention and has caused many...
New tax law could lead to complicated estate planning choices
In 2011, Congress introduced a tentative tax planning device that eventually became a permanent part of the tax code due to an act passed in 2012. Dubbed "portability" by tax agents, the new law could provide for some big tax savings if correctly implemented in an...
Strategies for managing another person’s finances
Taking care of somebody's personal finances in addition to your own can be an overwhelming endeavor. The very idea of managing money or property for a family member can be incredibly stressful. Nevertheless, millions of people in the United States act as fiduciaries...
Retirees should be aware of scams targeting senior citizens
An ideal retirement involves a bank account or pension plan that can allow a person to benefit from years of hard work. Unfortunately, criminals and schemers are too often trying get the money that older people have spent a lifetime earning. According to MetLife,...
Parents of young children can benefit from estate planning
The life of a new parent, while often rewarding, can also be incredibly hectic. Between feeding, changing and scheduling, every day that a new parent spends with their young children can be challenging and overwhelming. New parents in Colorado and all over the country...
Decanting may make it easier to change an irrevocable trust
An irrevocable trust has long been known to be challenging to change, even if it is the trustee wanting to do the changing, but they are still used because of the tax advantage. Decanting a trust provides one solution by letting the trustee move the assets from the...
Be sure to coordinate your estate planning documents
The instruments of a good estate plan may be interrelated in several different ways. Estate planning elements such as powers of attorney, living trusts and death beneficiary forms often contain conditions that affect one another. If these elements are not in harmony...
Be prepared to protect an aging family member’s finances
Families in Colorado and all around the U.S. must be on the lookout for people trying to take advantage of their aging loved ones. Whether it's due to illness, dementia or simply the effects of aging, older people are unfortunately a prime target for fraud due to...