Who’s On First?

USA Abbott and Costello postage stamp  If you are my age you remember this comedy routine performed by Bud Abbott and Lou Costello as it made its way to late night television and TBS a number of times during the 1970’s. Additionally, a board game with the same name was also released around this time. First performed in 1938 this routine was based on a fictional baseball team in which the players were named Who, What, I don’t Know, Why, Because, Tomorrow, Today and I don’t Care. If you can and could follow the relationship of the players to one another throughout the skit you are better than me.  Continue reading

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Medicaid – Planning Ahead Can Save Assets

ElderCounsel_Logo_MemberI ask many of my clients what will happen if they are diagnosed with a sickness such as dementia or Alzheimer’s, or need twenty-four care some day. Very few of my clients can afford the cost of twenty-four hour care in their home or elsewhere. This type of care ranges from $40,000 to $100,000 per year. None of my clients can afford to lose this much in either income or assets.  Continue reading

A Tale of Two Mothers

Bill Moller

Bill Moller

In the past we have run articles about different legal issues, but right now I want to share some personal stories.

Two years ago, my mother-in-law starting exhibiting some worrisome behaviors. After spending several months in Florida for assessment and tests, my wife finally moved her mother here to Colorado.  Within a month of moving here we had to place her in a memory care unit at only age 72.  My wife’s mother was not cooperative throughout this process, and we were fortunate to get the documents that we needed to be able to take care of her business for her. My wife is her legal representative and takes care of all of her needs. It has been a very difficult journey, and the journey continues.  Continue reading

What happens to all the marital assets during the divorce proceeding?

The breakdown of a marriage can be an emotionally trying time for everyone involved.  One of the main concerns people ask us about is what happens to their property, money and children during the divorce proceeding.  These concerns often arise out of fear–for example, a husband may spend all of the marital money to spite the wife or a wife will tell the husband that she is leaving the state with their child.  Fortunately, there is a process known as an automatic, temporary injunction to addresses these very concerns.  Continue reading

How can you keep kids and grandkids from squandering what you’ve worked so hard to leave for them?

When thinking about your estate plan, do you become nervous about what your young children or grandchildren might do with their portion of their inheritance?  Perhaps it took you a lifetime to build up a legacy for your family, and you fear that your 18-year-old grandson might take much less than a lifetime to squander what you worked so hard to build.  One way to handle such fears in your estate plan is to create a Testamentary Trust. Continue reading