Colorado Estate Planning And Estate Settlement Legal Blog

Did you know that you may be responsible for paying your parents’ medical bills and long-term care expenses? In certain circumstances, filial laws allow nursing homes and other types of care facilities to seek payments from you. If you live in Colorado but your parents live elsewhere, you may fall into that group. What are filial responsibility laws? Filial refers…Read More

In uncertain times, you may wonder what would happen to you if you got seriously ill. Would your children be able to support you? How would your medical care and assistance affect your finances and theirs? Without good planning, your illness could cause great financial strain for your children, especially in a soft job market. On the other hand, thoughtful…Read More

It hurts when the markets turn bad. No one feels good when their stocks, investments and retirement funds suddenly deflate. But the news during volatile markets isn’t all bad. There are some golden opportunities for those who know where to look. The key, as Barron’s notes, is to adjust your approach. Instead of bailing out of the market, taking your losses…Read More

Losing a loved one is an emotional experience that can often lead to stress as you handle that person’s final affairs. More than likely, once you go through the estate plan, you’ll see that everything is in order. Unfortunately, sometimes, there are surprises. When everything isn’t as you thought it would be, you have to determine what you’re going to…Read More

Too many people seem to think that Medicaid is only for those who are exceptionally indigent, but that is not the case. Medicaid is a program intended to help those who cannot reasonably cover their own medical costs, including retired adults on a fixed income. In order to qualify for Medicaid, you have to demonstrate that you meet certain standards,…Read More

For most people, the whole point of estate planning is to have control of the legacy they leave behind when they die. For those with substantial assets, complex family relationships or a desire to posthumously contribute to a charity, the creation of a trust is a common strategy for estate planning. However, there are many different kinds of trusts, and…Read More

There’s a very good reason that most testators specifically set aside some amount of financial compensation for the person they name as executor or administrator for their estate. After all, handling an estate is stressful work, bordering on a full-time job. In addition to obtaining records and paying bills, an executor or administrator must do their best to fulfill all…Read More

Losing your loved one can be a painful shock, particularly if you weren’t expecting them to pass when they did. As if you weren’t struggling enough after the death of someone you deeply care for, you could also find yourself dealing with unexpected complications related to their last will or estate plan. Specifically, some people find themselves disappointed and shocked…Read More

When people start getting close to retirement age, they may take steps to turn their retirement dreams into reality. Common planning for those nearing the end of their working career includes planning a vacation, making arrangements to sell their house and move or sitting down to consult with their financial advisor and change their investment strategy. Too many people overlook…Read More

You worked hard or invested wisely to accumulate your personal wealth over the course of your adult life. From your first savings account to the real estates that you hold as a potential future investment, the assets you acquire have value both in that they mean something to you and that they represent a financial investment. Typically, you will have…Read More