Lakewood, Colorado Elder Law And Estate Planning Law Blog
Keeping your estate plan relevant and updated
Having a plan for your assets may provide you with comfort and your surviving family members with ongoing support after your death. Estate planning in Colorado is a process that requires time and commitment. There is no such thing as planning your estate too early....
Elder law and how the PACE program in Colorado helps with care
Colorado residents who are facing the challenges related to an elderly loved one who needs a certain level of care that goes beyond their capacity may be unsure of what to do. At some point, this is a concern for many individuals and families. A nursing home is an...
Should your parents do a Medicaid spend down?
In these days of ever-increasing nursing home costs, your parents likely do not possess nearly enough financial assets to pay for long-term nursing home care. They therefore probably will have to apply for Medicaid benefits. Unfortunately, however, Medicaid only pays...
What is a home care allowance?
Are you an elderly adult who wants to stay in your own home but who needs assistance with daily activities? If so, you may be eligible for a home care allowance. A home care allowance is a non-entitlement program available through the Colorado Department of Human...
4 key responsibilities of a special needs trustee
If you have a disabled son or daughter, you may want to consider forming a special needs trust as part of your overall estate plan. This type of trust improves your child’s quality of life without interfering with his or her eligibility for certain government...
How can I plan for my incapacity or a loved one’s incapacity?
There are several ways estate planning tools can help prepare for incapacity which may provide peace of mind to estate planners concerned about what they will do if they become incapacitated at some point. Estate planning tools can help estate planners plan for their...
How do you prevent elder financial abuse?
You may not live in the same state as your elderly parents, but you want to do what you can to take care of them. Could your loved ones become targets of financial abuse? Consumer Reports offers insights to help prevent senior citizen financial exploitation. Help your...
What is the Medicaid spousal impoverishment provision?
You may face the difficult decision to place your spouse in a nursing home. It might seem like the best way for your spouse to receive the care that he or she needs. However, you also recognize that nursing homes can be expensive, and if you have spent your assets...
The importance of continually updating your estate plan
When you completed your estate plan, there was a huge sigh of relief. It was an offputtingly task, in your mind, because it caused you to think about your demise and what would happen in the event of your death or incapacitation. Nonetheless, this was an essential...
Fees, time and other probate challenges
When someone passes away, their loved ones often endure a number of hardships, from emotional pain to financial uncertainty. Setting up an estate plan helps people account for these challenges and minimize the impact of their death. However, estate-related issues are...
