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Legacy Bank senior VP: What are the benefits of having a durable financial power of attorney


This article is a part of the Forward Thinking Education Series presented by Legacy Bank, the Latino Chamber of Commerce and the Pueblo Chieftain. Webinars further discussing this and other financial topics can be found on the Latino Chamber of Commerce Facebook page at: https://m.facebook.com/PuebloLCC/
In a previous article we discussed the importance of people having a will in place when they pass away. Wills not only dictate the terms of a deceased person’s estate but stipulate who may have access to their financial assets including bank accounts.
But what about preparing for other situations where you may need someone else to handle your financial affairs? What if you become physically or mentally incapacitated following a stroke or an accident and can’t make financial decisions or initiate financial transactions? This might also occur if your physical or mental health deteriorates over time. Perhaps you’re fine physically and mentally but you travel extensively ....

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Buying a business during the pandemic


Buying a business during the pandemic
Mitch Brown
Today’s article is a part of the Forward Thinking Education Series presented by Legacy Bank, the Latino Chamber of Commerce and the Pueblo Chieftain. Webinars further discussing related financial topics can be found on the Latino Chamber of Commerce FaceBook page at: https://m.facebook.com/PuebloLCC/
If you’re entrepreneurial minded with access to cash or financing, you might be viewing the pandemic as a great time to buy a business. For purposes of this discussion, we will assume you have identified at least one existing business with an established name and reputation, plus a seemingly proven product line or portfolio of services. It should already occupy a suitable building or store front and have the necessary equipment to operate. We will also assume you plan to be an owner-operator. ....

Mitch Brown , Latino Chamber , Legacy Bank , Forward Thinking Education Series , Commerce Facebook , Branch President , மிட்ச் பழுப்பு , லத்தீன் அறை , மரபு வங்கி , முன்னோக்கி சிந்தனை கல்வி தொடர் , வர்த்தகம் முகநூல் , கிளை ப்ரெஸிடெஂட் ,

Wilks: Always important, now more than ever


Wills: Always important, now more than ever
Rebecca Diaz
Today’s article is a part of the Forward Thinking Education Series presented by Legacy Bank, the Latino Chamber of Commerce and the Pueblo Chieftain. Webinars further discussing this and other financial topics can be found on the Latino Chamber of Commerce Facebook page at: https://m.facebook.com/PuebloLCC/
Sadly, every day we learn of far too many individuals in the U.S. who have passed away from conditions related to COVID-19. Unfortunately, the likelihood is that many of those individuals are among the more than 60% of Americans who do not have wills. A will would provide their families with guidance on how to handle their estates at a time when it is most needed.  Perhaps this tragic period will encourage many of that 60% to correct the situation by establishing an estate plan.  One of the first steps in doing so is to create a will. ....

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