Articles Posted in Elder Law

Legal planning to ensure an elder can qualify for long-term care benefits for skilled nursing care while also passing assets to beneficiaries or preserving assets for their own use.

F Forbes recently shared its list of 7 Major Errors in Estate Planning. I’d like to share them, one at a time, with comments, and then add a couple they missed. Rather than swamp you with a treatise, here’s one that I really feel passionate about.

There are so many easy ways to screw up your estate plan – which can damage family relationships for life in many cases – and so few ways to make sure it’s right. I’ll share how our clients get peace of mind that their plan’s going to provide what they need and bring their family closer, not the opposite.

Not Having a Plan

It’s that time of year again. No matter what your religion or traditions, you may be planning to use time off from work to visit with family including your parents. Some children will notice their parents slipping – unable to process things the way they used to. Other parents will appear just fine but you’ll still worry about the what-ifs.

AgingParents.com did an article listing “5 Things You Need To Do After A Holiday Visit With Aging Parents.” Depending upon how prepared your parents are, you could go through these five keys in five minutes or, at the other end of the spectrum, you may need to schedule a family meeting and another visit.

First, find out what legal planning documents your parents have. If they have not been reviewed in the last three years or if your parents don’t have any, help your folks find an estate planning attorney in their state who can help them make sure they have an effective plan in place. Because every family is unique, I won’t attempt to list every legal document they might need, but here are some of the most frequently necessary:

Super Lawyers
Colorado Bar Association
Wealth Counsel
Avvo
Avvo
NAELA
SCInstitute
Boulder County Bar Association
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