At the law office of Beth Prather, you will find a team ready to help you through some of life’s most difficult moments. Beth Prather’s credentials as a board certified elder law attorney with expertise in the areas of estate planning, probate, trusts, guardianship, Medicaid, and VA planning bring clients through the door. Her down-to-earth approach and skill at communicating in a manner that can make sense out of difficult topics keep clients coming back.
A Will must be probated, therefore, making it available to the public. Are you curious what Jacqueline Kennedy Onassis or Elvis Presley did with their fortune? How they dispersed their assets? Shockingly, it is simple to find out how their fortune was divided up because both used a Last Will and Testament in their estate plan. A Will must be probated, therefore, making it available to the public. Probate is the legal process normally required
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
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
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
PROBATE – AHH!!! Just the mention of the word sends chills down many American’s backs. But is it really that bad? We in Colorado are fortunate that our laws allow us to choose how to proceed into probate (which is the process of winding up the affairs of a decedent by paying creditors and distributing assets and property). The two choices are informal probate or formal probate. Informal probate means that the estate is not