One of the biggest concerns a trust creator might have is that the beneficiary would squander their inheritance or that the beneficiary’s creditor would attach the inheritance to cover the beneficiary’s debt.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
Keep Your Medical Power of Attorney Simple: Name One Child, Not All of Them, as Agent As an estate planning attorney, I believe that a medical Power of Attorney, or Healthcare Directive, should be included in every estate plan. A properly created Healthcare Directive allows someone to make important medical decisions for you in the […]
Determining the right time to make an estate plan is a serious task. When you visit a Denver estate planning lawyer, there are some factors the lawyer will look at, such as your current family, medical, and financial situation, to see what kind of estate plan will fit you the best. Here are some of […]
Scammers want your information. They have all kinds of creative ways for getting your account numbers, address, and other personal information. Once they have it, they steal your identity. As Denver elder law attorneys, we’ve seen it all too often. One common scam involves calling unsuspecting seniors and asking them to verify their Social Security […]
Americans are living longer and well past retirement age. With a longer retirement comes a need for legal counsel specific to older Americans. Seniors have unique legal needs, and a Denver elder law attorney specializes in those issues. You should consider specifically hiring an elder law attorney if any of the following situations are applicable […]
Disability planning is a Plan B for when an individual becomes physically or psychologically unable to handle his or her own financial affairs. A disability plan would go into effect once you’re medically incapacitated and would cease once you’re able to resume handling your own affairs. Thus, a disability plan could go into effect permanently […]