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When beginning an estate plan, many people forget about special members of their family. As important as your pets may be to you, you should think about their inclusion in an estate plan. The National Law Review explains the importance of estate planning for pets....
If you have worked for years or even decades and are approaching Social Security’s full retirement age, you may be itching to start collecting your benefits. After all, additional income may help you pay for the comparatively high cost of living along the Front Range....
A living will is a basic estate planning document that explains the medical treatment you do and do not want to receive if you are unable to make those decisions for yourself. An accident or illness that leaves you incapacitated can happen at any time, so it is one of...
Many people want to avoid probate when planning their estates. A lot of the reasoning is due to misunderstanding how probate works, but in any case, it is nice to do what you can to ensure probate is a speedy process. That may mean making decisions that allow your...
Your individual needs determine what goes into your estate plan. If you have few assets, your plan is probably simple, while if you have many assets, investments, etc., your plan is more likely to be proportionately complex. U.S. News and World Report describes a few...
You may eventually require care in a long-term residential facility and worry about affording it. Many people who need long-term care are unable to pay for it out of pocket. In many cases, government assistance programs, such as Medicaid, can help with expenses....
Unfortunately, many scammers look at senior citizens as easy targets. Family members and strangers alike might use an elderly person’s frailty against him or her. To protect your loved ones, AARP explains what loved ones should look out for in terms of financial...
A special needs trust is an important estate planning tool for anyone who wants to help care for a disabled loved one. Rather than transferring ownership of assets directly to the disabled person, this type of trust holds funds for his or her benefit. Provided your...
If your elderly mother or father already has an estate plan, he or she is doing better than many. In fact, only about 60% of older Americans have drafted a will or otherwise planned for disposing with their estates after death. You should be able to trust your...
Families that want to avoid probate do so mostly to reduce court costs and pass assets to children quicker than probate may allow. However, you might want to avoid probate for a different reason, to cut down on the legal risks your estate executor may run by managing...
