In April, The Henry J. Kaiser Family Foundation announced survey findings regarding opinions and experiences about end-of-life care and aging. In coordination with The Economist, they poled people in the US and three other countries.
Would you know if an elderly loved one was being ripped off?
When caregivers were surveyed, they reported that 37 percent of the seniors they worked with had fallen prey to financial schemes. Another frequently cited statistic is equally disturbing: only one in 44 cases of financial exploitation is reported.
Who makes medical decisions on your behalf if you cannot?
No one can predict when a serious illness or injury will strike. A neighbor had a heart attack at 40 - she was fortunate to recognize the symptoms and get help. Another neighbor who just celebrated his 80th birthday is still recovering from a debilitating stroke.
2 types of power of attorney that are important
Imagine that you have a family member that is getting very old, and as the years pass by, you can see that he or she just isn't as healthy as they once were. It is a slow, and unfortunately inevitable, decline. Watching them in a hospital bed, you can't help but wonder what they are thinking. Did they want it to end like this? Did they have protections and processes in place to dictate how their medical care should be handled if they become incapacitated?
On the power of attorney and the living will
Many people in Denver have probably heard the phrases "power of attorney" and "living will" before, but they may not known exactly what these phrases mean. For example, some people may think that a "living will" is the same as a "will," or that the "power of attorney" must be given to someone who is, well, an attorney.
How to avoid or solve sibling disputes over the care of a parent
Three Colorado sisters became co-trustees of a family trust when their mother received a diagnosis of dementia. They also had an equal vote when making decisions about her care. Disagreements about the sale of a home resulted in a legal battle. They could also not agree on an out-of-state trip with the mother to visit relatives.
Survey exposes misconceptions about estate planning
The CNBC survey found that more than a third (38 percent to be exact) of families with significant assets did not have an estate plan in place. Why is this? In part, it is because even successful and business savvy individuals can conflate estate planning with tax planning.
Estate planning for same-sex couples in Colorado
This month, the Supreme Court will issue a landmark decision on the legality of same-sex marriage. Surprisingly, a Boulder city clerk issued the first same-sex marriage in 1975. A PBS documentary called “Limited Partnership” recounts the couple’s story and a strange twist that the federal judge who ruled on the legitimacy of their marriage for immigration purposes was Anthony Kennedy – now the swing vote on the nation’s highest court.
Why Is A Financial Power Of Attorney Important?
A recent New York Times article sums it up nicely – one of the first skills to go is the ability to handle financial matters. With age comes a greater risk of making costly mistakes or falling for financially abusive schemes.
How do Powers of Attorney work in Colorado?
As difficult as it is to imagine, there might come a time in your life where you are unable to make important decisions on your own. This might be because of a sudden traumatic accident, or because of a slowly progressing condition like Alzheimer’s or dementia.
