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After careful review of the orders of Governor Polis and the Order of March 25, 2020 by the Tri-County Health Department, which has authority over Arapahoe County, the law firm of Chayet & Danzo, LLC, will not be conducting in-person appointments in our offices until April 20, 2020, or until such date as the restrictions of the Governor and Tri-County Order are lifted.

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 through Thursday and 8:00 a.m. to 4:00 p.m. on Fridays. We will also respond to e-mails as soon as we can.

This decision is not only required by the orders of our public officials, but is in the best interest and health of our team, clients, and community.

We will be 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

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