For many, long-term care planning means considering things like nursing homes and assisted living centers. You can work on all of this as part of your estate plan. You know that you could have many healthy years ahead of you, but that doesn’t necessarily mean that...
Guardianship can seem like a punishment to an older adult still desiring independence, but that isn't an accurate perception of guardianship. Guardianship is actually a powerful tool that helps concerned family members or even strangers step up and help protect...
As you contemplate your estate-planning process, one potentially useful tool you might ponder is a spendthrift trust. While not everyone will need to include this estate-planning tool, those who do need one find them to be a good way to protect beneficiaries from...
There are many components in a comprehensive estate plan. While many people think about the will and trusts, the power of attorney designations should receive equal attention. As part of your estate plan, you need to establish a financial power of attorney...
Multi-generational family homes do exist, but they are far less common than they were years ago. Most households contain only one or possibly two generations of family members, with children usually moving out as soon as they achieve financial independence. Although...
When you’re selecting your health care proxy, which is also known as your medical power of attorney, it’s a good idea to make sure you select someone you trust and know will make good decisions on your behalf. There are many characteristics that make someone a good...
Creating a will is pointless if a court will not uphold it. Each state has different laws regarding what they consider a valid will. What conditions must I meet for a will to hold up in Colorado? For your will to be valid in Colorado, you must comply with the...
One of the most important things to consider when creating an estate plan is who to name as your estate executor. It is a big responsibility with potentially minimal reward. You could choose a family member or friend. Alternatively, you could opt for someone who does...
As a child, you probably dreamed about the day you became an adult and escaped your parents’ authority. Once you turned 18 years old, you could make your own decisions on how you spent your money and what you did with your life. However, a court could decide to take...
If you have a child with special needs, you need to take extra steps to ensure that they will be well cared for if you die or become incapable of looking after them. While this is important for any parent, the fact your child may need assistance for the rest of their...
