Powers of Attorney

Powers of Attorney are the most underrated legal documents. It seems to be common knowledge that “everyone needs a Will” but many people don’t know that Powers of Attorney are even more important for the majority of people.  Without a Will your estate will usually be divided among your decedents under Colorado law…just like the vast majority of all Wills say. While a Will only takes effect after death, Powers of Attorney cover you while

Conflict & Family Caregivers – What You Need to Know

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

Nursing Home Planning. How do you achieve peace in the midst of uncertainty?

Are you worried about the impact of a Nursing Home stay on you or a spouse? You are not alone! The majority of older adults worry about this possibility. Consider the following: • How will I pay for Nursing Home Care?  Medicare coverage is available in many cases but is limited in payment duration.  Long Term Care insurance can do wonders in protecting our assets and may even increase your chances of gaining

Why Not Add Your Child to Your Bank Accounts?

Clients frequently tell me they want to add a child as a joint owner on their accounts and assets for “convenience”. There are numerous reasons why this should not be done, and why it is probably the most inconvenient thing that you can do. The biggest reasons people want to do it are to avoid inheritance tax, and the money will transfer automatically to the child, and not get frozen, upon the parent’s death. Although

When Do You Need A Guardianship Or Conservatorship In Colorado ?

  Too often, individuals do not plan for illness or incapacity and have not executed proper medical or financial directives such as a durable medical power of attorney or a durable financial power of attorney. A power of attorney is a document that is executed by a competent person which gives a nominated agent the authority to manage all or some of a person’s medical or financial affairs. A power of attorney is “durable” if

When Do You Need A Guardianship Or Conservatorship In Colorado ?

Too often, individuals do not plan for illness or incapacity and have not executed proper medical or financial directives such as a durable medical power of attorney or a durable financial power of attorney. A power of attorney is a document that is executed by a competent person which gives a nominated agent the authority to manage all or some of a person’s medical or financial affairs. A power of attorney is “durable” if it