Lakewood, Colorado Elder Law And Estate Planning Law Blog
Create powers of attorney while you are still of sound mind
Perhaps you are fast approaching retirement age. You are still healthy and active but thinking about creating your estate plan, starting with healthcare and financial powers of attorneys. Your timing is excellent. A POA is only legal if you create it while you are...
How does a trust help you qualify for Medicaid?
The resource limit that Medicaid imposes to qualify for benefits can really put people in a bind. They know they may need Medicaid in the future but they do not want to spend down money or sell off property in order to qualify for it. This problem is why some families...
How a special needs trust protects your disabled child
As a Colorado parent, you may prioritize leaving a legacy behind for your loved ones, but you may face additional estate-planning considerations as the parent of a special needs child. Providing for your disabled child after your death involves a careful balance,...
Can you include pets in your will?
If you are like many people, your pet is an important part of your life. According to a survey conducted by the American Pet Products Association, approximately 85 million families in the U.S. own a pet. Since your pet is a valued member of your family, you likely...
What is undue influence?
Colorado laws determine much of what an estate plan can and cannot do. Through these laws, you can plan out all manners of inheritance and estate administration. In many cases, things go smoothly thanks to the organization statewide laws provide. But there are...
What do you know about these common Medicaid myths?
Either you or your aging parent may want to know how Medicaid works in Colorado. While learning more about the program, ensure that you learn facts rather than fabrications. The Huffington Post explores several common Medicaid misconceptions. Proceed with solid,...
3 important estate planning steps for new parents
Many young adults lack estate plans. If you count yourself among them, you may find it particularly important to create one once you bring a son or daughter into the world. Creating an estate plan gives you a chance to decide what you want to happen in the event that...
How do you know when your parent needs a guardianship?
Watching a parent age is difficult under any circumstance. If your parent is starting to exhibit signs of dementia or is otherwise making you question his or her ability to live independently or make sound decisions, it may become even more problematic. In such...
The difference between heirs and beneficiaries is important
While Colorado residents may use the terms heirs and beneficiaries interchangeably, the truth is that they are not the same when it comes to estate planning. Though the differences are subtle, they are important enough that being aware of them is crucial to ensuring...
What do you know about choosing the right executor for your estate?
You did the work and research necessary to assemble your estate plan, but you need someone to help see things through to the end. It is time to name an executor. Selecting the right executor requires the same work and research you put into putting your plan together....
