A professional may pad billing statements claiming extra hours managing a trust for a disabled client. A son or daughter might claim he or she was just borrowing from mom’s account to explain missing money. What can be done to identify these issues, stop the...
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Powers Of Attorney
Burial preferences: How to communicate them
Have a family burial plot and casket burial become a thing of the past? Not yet, but more are looking for other options. For instance, 80 percent of boomers are opting for cremation. Many are leaving more preferences for their memorial service and final resting place...
Advance medical directives in Colorado: 3 things to know
As people age, the fears may become more and more real. Fears of dying surrounded by strangers in a healthcare facility or being strapped to medical machines that take away dignity and a sense of what makes life meaningful.Advance medical directives help people face...
Complicated family dynamics? Plan ahead to avoid sibling rivalry.
Often, siblings are in their 60s or 70s, but rivalries remain and may have only intensified over the years with career and financial success or lack thereof. From the time Mom or Dad needs more care, the disagreements can start.Comprehensive estate planning and candid...
Autism awareness month: Conservatorship or power of attorney?
When an adult child or other loved one is on the spectrum who handles his or her finances The answer cannot be the same for each family or individual.Generally, two legal approaches exist. In the first, the court may appoint a conservator to handle financial affairs....
How to update digital profiles after a death
The LinkedIn update arrived with a work anniversary. It said to congratulate a connection on his 12th year with the State Department. The only thing was that he had passed away in 2009.No one had notified LinkedIn. This leads to the important topic of social media and...
Keep the promise or get appropriate memory loss care
The conversation could come up while visiting with an aging parent over the holidays. Your 85-year-old mother or father might acknowledge slowing down, but then ask you to promise never to consider a nursing home. Many elderly individuals are adamant they would rather...
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...
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...
Dementia and testamentary capacity: 3 things to know
In order to execute a valid will or estate plan, the testator must have the mental capacity to do so. Colorado Statute 15-11-501 puts it this way: “An individual eighteen or more years of age who is of sound mind may make a will.” What does it mean to be “of sound...