If you're approaching your senior years (or are already in them), you've probably already been advised to choose someone to hold your power of attorney (POA). Yet, many seniors hesitate -- often because they don't fully understand the limits placed on one.
Most people realize that it’s important to have a will, which transfers your property to beneficiaries after you die; designates the people who shall settle your estate; provides care for your minor children; and may deal with trusts that were established.
Most people have heard of probate before -- but they probably don't know exactly what it means or how it works.
Seniors, especially those who are largely isolated from others due to illness or infirmity, are particularly vulnerable to abuse, including financial exploitation.
Colorado University has made quite an impression on some people. Now, those people are coming back to leave their own impression on the university in the form of a multi-million dollar estate gift.