Estate plans can be very unique and can be built in different ways. One person may just have a will, for example, while the other person has a much more complex plan that includes a qualified domestic relations order (QDRO), a trust and power of attorney. It all...
If you don't prepare ahead of time for the experience of growing older, you may end up dependent on other people financially or on a day-to-day basis. It takes considerable advance planning for an adult who is ready for retirement to arrange to age in place in their...
As a young couple diligently doing your estate planning, you have a life insurance policy in place for your children. You’re in accord on who should rear the kids if the unimaginable occurs, and they’ve agreed to step up. You’ve covered all the bases, right? Maybe...
Your aging parents raised you never to take advantage of anyone else. They suffered no fools when they were younger, but you’ve noticed a shift in recent years. They are a lot more trusting and naive than they used to be. This isn’t necessarily bad, but it can make...
Health First Colorado, which is the Medicaid program for the state, provides very important benefits for those who need extensive support as they age. Medicaid or Health First Colorado will pay for nursing home care while Medicare will not, for example. Planning...
When you are physically or mentally incapacitated, you need someone to handle your affairs and make decisions for you. Many assume that their family members will automatically take over this role. However, without proper legal authorization, it may not be so...
Whether your first marriage ended with the untimely death of your spouse or a divorce, you may not have expected to fall in love again. Now that you have met someone that treats you right and makes you happy, you are thrilled at the prospect the spending the rest of...
Many people preparing for retirement or enjoying their first few years out of the workforce have to make careful financial plans for the future. Concerns about estate taxes or your future eligibility for Medicaid might require that you reduce what property you hold in...
You made your estate plan a few years ago. At the time, it covered everything: your beneficiaries were declared; you had a trusted executor of your estate; you may have named a medical power of attorney and a separate financial power of attorney. Everything seemed in...
Creating a will is a responsible step for you to take to ensure your wishes are carried out after you pass away. However, as you create your will, it is important to note that some property types cannot be included. Do you know what property should be left out? Here...
