Minor children are generally dependent on their parents for basic necessities and the management of their care. Parents can make decisions on behalf of their minor child, from what school they should go to, to what medical care they should receive, because young...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Long-Term Care Planning
The cost of aging keeps going up: Plan now
Aging doesn’t come cheap. And studies have found that it’s only likely to get more expensive. There are many reasons for this, and they’re important to consider for those doing their estate planning and long-term care planning. A strain on...
What does your long-term care plan look like?
There could come a point in your life when you require long-term care, such as at a nursing facility. While you hope to avoid this, it’s something you must plan for nonetheless. Neglecting to do so could leave you, your family and your estate in a bad place....
Medicaid planning is something better done sooner than later
No one really wants to depend on Medicaid benefits, especially because people associate them with poverty, despite it being a critical safety net for those who need medical care. If you have worked your entire adult life, you have probably always had private...
Do You Need to Plan for Long-Term Healthcare?
You spent years working toward your retirement. You built an investment portfolio, took care of your home and made the most of your company’s retirement planning. As ready as Baby Boomers are for their well-earned retirement, many people overlook the costs of...
Can I be held responsible for my parent’s nursing home costs?
The concept of filial law dates back hundreds of years, most notably with the 1601 passage of the Elizabethan Poor Law. This is often cited as the first law to state adult children were legally obligated to provide financial support for their impoverished...
Aging while at home and the need to plan ahead
Most older Americans do not want to leave their homes. A national survey by the AARP found 75% of people age 50 and above want to age in place – meaning remain in their house and a part of their community throughout their golden years. It makes sense. The home...
Nearly 250,000 aging Coloradans lack crucial health instructions
One of the things we must consider as we age is our medical care preferences. Are there procedures or machines we are uncomfortable with? Are there specific treatments we prefer over others?It is possible for anyone to make their wishes known well ahead of time,...
How to defuse sibling conflict over an elderly parent’s care
Taking on the responsibility of caring for an aging parent is often a family undertaking. If you have any siblings, you may need to come together to do what’s best for mom or dad. Sometimes that’s much easier said than done. There are a number of smart legal options...
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...