The U.S. Department of Justice has recently prosecuted defendants across the country related to a Jamaican lottery scam. In a recent webinar discussing elder financial abuse, a lawyer with the DOJ stressed that effective schemes do not work if they sound to go to be...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: January 2017
Would you know if an elderly loved one was being ripped off?
When caregivers were surveyed, they reported that 37 percent of the seniors they worked with had fallen prey to financial schemes. Another frequently cited statistic is equally disturbing: only one in 44 cases of financial exploitation is reported. Because reporting...
Federal legislation seeks to crack down on senior fraud
Cracking down on fraudulent schemes that target older Americans is the goal of bipartisan legislation recently introduced by U.S. Senators Amy Klobuchar and Susan Collins. The Senior Fraud Prevention Act would help educate seniors and improve monitoring.This post is...
A tax benefit of Colorado transfer-on-death deeds
For many couples in retirement, their main asset is their home. Frequently the property is jointly owned and the property smoothly transfers to a wife at the death of her husband or vice versa.But what is the best way to transfer the property to the next generation?...
Part II: What your estate plan can do for you
In our last post, we discussed some of the important things that an estate plan can do for you, and why you really need one. This time, we’ll touch on five more reasons why an estate plan is vital for everyone. As a quick recap, our last post dealt with...
Do you ever wonder why you need estate planning?
Sadly, estate planning is one of those things that even people with good intentions may put off until “tomorrow,” only to never have the opportunity to revisit it before tragedy strikes. Without estate planning, you could lose out on the priceless opportunity to...
Communication is key for estate planning success
Obviously, the property-specific aspects of estate planning are very important. Thoughtful and knowing use of wills, trusts, lifetime gifts and charitable bequests will serve to protect your legacy and pass as much of your assets as possible down to your...