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

December 2018 Archives

Survey of older Coloradans fosters understanding of their needs

The National Research Center’s 2018 Community Assessment Survey of Older Adults was recently released, providing detailed responses that inform us about the needs and strengths of our Colorado elders. Key players like local government bodies, nonprofits, private entities and others will use the CASOA data to better target services for older community members.

Psychiatric advance directives: Is there a Colorado equivalent?

Mental illness spans a continuum and reaching the right diagnosis and mix of medications can take years. Some who struggle with bipolar disorder, schizophrenia or severe depression, to name a few, recognize the symptoms of an oncoming mental health crisis and check themselves into a hospital. Others may live in denial, refusing to seek treatment or going off prescribed medications as soon as they stabilize.

IRS clarifies characteristics of ABLE accounts after tax reforms

On December 4, the IRS issued a Newswire about new ABLE accounts that benefit adults with disabilities and changes from recent federal tax reform. In September, we posted a blog about ABLE accounts, explaining that they were created as a vehicle for saving money to benefit disabled adults that would not put them in jeopardy of having too many assets to qualify for the major public-benefits programs that operate as their lifelines — namely Medicaid (Health First Colorado) and Supplemental Security Income or SSI through the federal Social Security Administration or SSA. 

Relative or professional trustee: What are the pros and cons?

When setting up a trust – whether a special-needs trust for a child or a testamentary trust – deciding on the right trustee is crucial. When your will leaves money or property to a trust, your estate personal representative will transfer those assets. But then, his or her role is complete.

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  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
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