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October 2019 Archives

A blue bucket on Halloween means a special trick-or-treater

Halloween is a holiday for kids and adults alike, a way to socialize and visit neighbors while the kids have a ton of fun and the grownups enjoy the children's costumes and cuteness. But for a child with a developmental or intellectual disability, trick or treating may not be as enjoyable.

Tips for a Colorado guardian, part 2

In part 1 of this post, we talked about the importance for the guardian of a vulnerable adult of developing a relationship with an attorney for information, guidance and legal services. Today, we share other thoughts that might help a Colorado guardian enhance the life of their ward.

Being the guardian of a vulnerable adult in Colorado, part 1

Life can take an unexpected turn and you could end up in a place you did not anticipate. A child or sibling with a developmental disability, mental health problem, rare disease or physical impairment grows up and is unable to care for themselves as an adult. Your adult relative is in an accident that leaves them with severe injuries, taking away their ability to meet their own needs. Your elderly parent who has aged so robustly develops dementia or becomes physically frail.

How remarriage can impact your child’s inheritance

Remarriage is no longer a rarity. According to statistics from Pew Research, nearly one in every four married people has been married before, up from about one in 10 in 1960. While finding a long-term partner to be happy with is something to celebrate, a remarriage can introduce some new questions that need answering.

Guardianship or conservatorship of a vulnerable adult in Colorado

An adult may need legal protections in a variety of situations. An individual who has reached 18 years of age may have a lifelong disability and since their parents no longer have responsibility or power to care for a disabled person who has become an independent adult by law, protections must be put in place. An older person may be showing signs of dementia. An adult of any age may become vulnerable because of an accidental injury or a serious illness.

November is National Family Caregivers Month

We just posted a blog about Alzheimer’s Awareness Month coming up in November. Appropriately, November is also National Family Caregivers Month with a 2019 theme of #BeCareCurious, a nod to the empowerment of caregivers to ask questions and gather information to help them help the loved ones for whom they provide care.

Choosing the right trustee: 3 potential options

A trustee - the person whom you put in charge of a trust's assets - has what is called a fiduciary duty to the beneficiaries of the trust. They must be loyal and prudent, always act in good faith with the beneficiaries' best interests in mind and adhere to confidentiality standards.

Inheritance and creditors: How to help protect your loved ones

For many people, a crucial piece of planning their legacy is helping their loved ones. By passing assets to those you care about, you can continue supporting them long into the future. This plan can become problematic, however, if the person to whom you want to leave an inheritance has debts.

2019 update on Medicaid income and asset limits

It is further into the year than usual for this post, but we do aim for a yearly update to keep accurate numbers on our site. While many aging parents never see themselves spending time in a skilled nursing facility, the reality is that longer lifespans increase the odds that extra care will be required at some point.

Part I: Is a living trust right for you?

One of the very first and most important things you do when creating an estate plan in Colorado is to identify your goals. For many, the goal is two-pronged: they want to protect their assets while they are alive and they also want to pass on assets when they die.

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