Chayet & Danzo, LLC Chayet & Danzo, LLC
Law Pay

Call for a Free Initial Consultation

Direct 303-872-5980
Toll-Free 888-472-1088
Email Us


After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday - Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

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 diminished mental capabilities. People who commit financial abuse of the elderly are not always typical criminals either. Trusted people such as advisers, brokers, clergy and even other family members can end up swindling an aging person out of thousands of dollars. Luckily, there are clear signs to watch out for, as well as some legal maneuvers that can be taken to help prevent this type of abuse.

The National Endowment of Financial Education first recommends keeping an eye on how an aging family member handles their finances. A NEFE study found that, out of the aging people experiencing cognitive decline, 47 percent were behind on paying bills or were not paying them at all. Thirty-six percent of people could not complete simple math problems, and 35 percent made purchases that were considered irrational. Twenty-one percent even completely depleted their bank accounts. If you notice any of these things happening, it's time to get assistance and protection for your aging loved one.

If a child of the ailing family member decides to move home and take care of their parent, it's important to be vigilant. Unfortunately, children who have had past conflicts with their parents or are financially troubled can sometimes end up taking advantage of their parents. It's best to have an honest discussion with any family members who will be directly taking care of an elderly loved one. Devise a plan for handling the parent's finances and maintain a schedule for communication if you no longer live nearby.

Another way to look out for an aging family member's finances is to establish a power of attorney. This person will have the legal right to make financial decisions for the elderly family member. A power of attorney can be a member of the family or any person that can be trusted to handle the ailing person's finances.

Source:, "Year-End Mission: Spot Signs Of Elderly Financial Abuse" John Wasik, Dec. 23, 2013

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Toll Free: 1-888-472-1088
Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
Edwards, CO 81632

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet
  • Rated by Super Lawyers Frank J. Danzo, III
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell