It’s Not Only About the Money. The problem with simple wills is that they generally deal with who gets the stuff. General will plans for married families typically distribute assets “all to spouse then to my kids in equal shares.” Consider this question… is money the only thing you give to your kids? Don’t we also give our kids other valuable things: respect, work ethic, religion, morals? Of course, we do. Unfortunately, this is where
Many older people think about how they want to dispose of their home and other property when they die. To assure this is handled as they wish, they make a will. They also can decide and document who will make financial decisions if age or illness no longer allows them to do so. Sometimes people are not aware they can also establish a plan for the health care they want near the end of life.
Conflict is a normal, natural part of everyone’s life. Factors that can exacerbate conflict include the well-known things to avoid in polite conversation: religion, politics and money. For families, these big three topics quickly trigger emotions that can be difficult to defuse and when things go awry the aftermath can be felt for decades. According to a May 2018 AARP article “Millennials: The Emerging Generation of Family Caregivers,” there are 40 million family caregivers in
Colorado law provides that any adult with decisional capacity may make advanced written decisions about the use of medical or surgical procedures when he or she has a terminal condition or is in a persistent vegetative state (PVS). This written declaration is called a Declaration as to Medical Treatment and is commonly referred to as a Living Will. A Living Will is clear and convincing evidence of a person’s wishes regarding end of life decisions.