Attorneys often presume words that are common in their profession are widely known by everyone else. Oftentimes it is important to define estate-planning terms from the outset so that clients and professionals are on the same page. The simplest definition of probate is the official proving of a will.   The process of “officially proving” the

The question of whether and when to transfer assets is a key part of the estate planning process.  Many clients with trusted children wish to transfer their homes to their children prior to death.  However, there are many potential pitfalls to doing so, including potentially large tax implications.  We can advise you on this issue

Long Term Care Insurance (a policy that provides benefits to pay for assisted living and nursing home care) can be an important part of retirement and estate planning.  However, it also can often be very expensive and complicated.  Here is a link to an April 14, 2014 Wall Street Journal article that does a good

Same sex partners in Colorado face specific challenges as they prepare for a future together. The Graduate School of Social Work assembled a dynamic panel of experts to discuss the specialized needs of same sex partners and strategies to address them. Topics will include current legal status of civil unions and same-sex marriage, practical considerations

It is estimated that over 42 million Americans between the ages of 40 to 60 are juggling a career, managing their own needs as well as those of their immediate family all while attending to aging family members. Currently there are approximately 35 million people in America aged 65 and older and by 2030 this

Many clients are calling to ask about the “fiscal cliff” referenced so often in the pre- and post-election news coverage. The fiscal cliff refers to a $7 trillion combination of automatic spending cuts and tax hikes put in place by the Budget Control Act of 2011, about $600 billion of which will go into effect

Recently Groves Law, LLC has seen an increase in elder financial abuse cases. The rise in cases in our practice has been significant and we wondered about the national statistics on financial abuse of seniors. Not surprisingly, a majority of these cases go unreported leading to speculative statistics. Current estimates indicate that there may be at least

Regardless of the asset, be sure you consistently update the designation to reflect your desires. We recently helped a client who was a beneficiary of her second cousin’s life insurance and pension. Sadly, the deceased failed to update her designations and those she wanted to benefit had predeceased her. While the cousin we assisted was

JOIN US for the first of our events — LOOKING FOWARD Host: Karen Jessey, ChFC, CLU, CFP, RICP & Neill Turner Phone: 303-741-6181 When: Tuesday, February 4 from 5:30 PM to 7:30 PM Where: Wealth Strategies Group, 6455 S Yosemite St #300 Greenwood Village, CO  80111

We are grateful for the support and feedback we received after the launch of Practically Speaking.  Based on suggestions from attendees, we learned that many of you are interested in additional luncheons to address topics impacting women.  Surveys collected after the first lunch revealed that many of you would like information pertaining to care of aging