Why couldn't mentally capable, but disabled individuals set up a special needs trust (SNT) for themselves in the past? A legislative oversight from more than 20 years ago is the basic answer.The 21st Century Cares Act corrected the issue in December 2016. The...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: October 2017
Get legal advice before signing a long-term care agreement
At & , LLC, our elder law practice includes legal counsel for people across Colorado about long-term care. Placement counseling includes review of facility admission agreements to advise clients about the...
Planning for “known unknowns and unknown unknowns”
This saying of former Defense Secretary Donald Rumsfeld aptly describes an inherent challenge in the estate planning process. Some of the events categorized into the ‘known unknowns’ bucket might be a heart attack, early onset Alzheimer’s or serious...
Why don’t more people have advance directives?
Talking about end-of-life issues is not a popular pastime, so it might not come as a surprise that many adults do not have advance directives expressing their end-of-life wishes. The scale is staggering however. A recent analysis by a researcher at the University of...
Personal property: Oversight can lead to conflict
What do a collection of Christmas ornaments, hand-written recipe cards, a set of Flow Blue china, a grandfather clock or a piece of costume jewelry have in common? They may carry sentimental value. Many couples overlook these items during the estate planning...
Consider potential for divorce when drafting a trust
Recently, media outlets published that Francis Bean Cobain - the 25-year-old daughter of Nirvana's Kurt Cobain - receives about $100,000 a month from a trust funded by her father's publicity rights. Her father died without even a simple will. Intestacy laws dictated...