Like many people, you likely created your estate plan early in life. After many years, your estate isn’t what it once was – you own more property, you built up your savings and people have come and gone in your life. You don’t have to keep the same estate plan you...
Some people use the terms guardianship and conservatorship interchangeably. While these two roles are similar, as they appoint someone to make decisions on behalf of a party that is incapable, they focus on different aspects of that person’s life. Understanding the...
Naming an executor is one of the most important tasks when creating your estate plan. They will have considerable responsibility and a certain amount of freedom when handling your affairs after you die. If they fail to do a good job, it will complicate things for your...
Estate planning is a much more complex and challenging process when you have a family member with special needs to consider. Parents who have special needs children and those who serve as a guardian for a vulnerable adult will have more concerns to address in their...
You may have understood the value of adding powers of attorney to your estate plan even when you were a young professional. You named someone that you trusted to handle your financial needs and someone else to make medical choices. The protection provided by powers of...
Planning for one’s death is a grim process at any age. For some people, the thought is so unpleasant that they will resist this task even late in life. Here are a few tips for talking to parents who are procrastinating their estate planning. Go light on the pressure...
The decision to transition to assisted living is rarely an easy one. It’s an emotional decision for everyone involved, which can sometimes cloud reason. Sometimes the signs will be obvious, like their physician recommends it. Barring that, here are a few signs that...
As you get older, it is natural to start thinking about what will happen to your assets when you die. One of the most important estate planning tools you can use to dictate your wishes regarding your assets is a trust. A trust allows you to transfer some of your...
Health First Colorado is the Colorado Medicaid program. It helps provide healthcare benefits to individuals who cannot pay for their own medical care or private insurance due to their financial circumstances. Some people require Medicaid if they lose their job or have...
All adults must ensure they get their estate plans in order so their loved ones can get the assets that are intended. There are several mistakes that might be made when you’re making the plan. Ensuring you don’t make any of these is crucial. Mistakes can cost the...
