Colorado Estate Planning And Estate Settlement Legal Blog

The aging process has a way of removing people's autonomy regarding everything from their living situation to their own finances. Individuals who were once capable of performing complex surgeries may no longer be able to dress themselves or choose where they live.

Cognitive decline is another major issue that affects the independence and decision-making authority of older adults. As you age, issues with memory or other important mental functions could give your family the ability to challenge your right to make your own medical decisions.

You might think of senior citizens when the term "estate planning," comes to mind but they aren't the only individuals who need to have their affairs in order. All adults should take the time to get things together, but it is especially important for parents of young children to have essential documentation for important decisions.

As you think about what might happen if you were to pass away, you can start to figure out some of the most important decisions you have to make. While your children are still minors and living at home, most of the things you will think about have to do with them.

If you go through all the trouble of creating an estate plan, you obviously have a legacy you wish to leave behind. Sadly, the beneficiaries of your last will and your family members may not respect your legacy as you intend it. Instead, they may have their own expectations and wishes regarding the assets you leave behind when you die.

Dissatisfied heirs and beneficiaries can challenge your estate plan or last will in court. They can also bring a challenge against the administrator or executor for your estate. Thankfully, there are certain steps that you can take during the estate planning process that will drastically reduce the potential of litigation during probate administration.

As we grow up from adolescence to adulthood, living independently is often a source of anxiety and pride. Young people want to prove themselves to the world by striking out on their own and building a life for themselves.

For many people, that sense of independence and self-sufficiency is inherent to who they are as an individual. Many older adults struggle with the idea of being dependent on others for any part of their care or daily needs. Whether it's financial support or medical care, many older Americans are reticent to admit when they need help.