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Estate Planning Archives

Changing your will requires revoking the old one

Earlier we talked about wills and their incredibly vital role in an estate plan. For the most part, wills do the heavy lifting of the estate planning process. But leaving a will as is and never updating it is a major problem. Without frequent updates, your will may not reflect your wishes or hopes for your estate anymore -- or it could fail to comply with state laws anymore. In other words, if you have a will, make sure to check up on it frequently and makes changes when necessary.

Alternatives to traditional estate planning documents

Estate planning might seem like a long, arduous and expensive undertaking. But in reality, this is hardly true. You don’t need a multi-million dollar estate to have a simple, yet logical, plan to distribute your assets when you pass away. Moreover, you don’t have to be intimidated by the prospect of spending thousands of dollars getting your affairs in order.

College students and estate plans

The passing of Labor Day is certainly a milestone in our calendar; but it may mean different things to different people. For kids of all ages, it is the beginning of a new school year. Whether it is first grade or the first year of college, it is a time of new and indelible experiences.

What do you need to create an estate plan?

In a number of our posts, we have highlighted how people who take time to create and revise their estate plans can save a great deal of money in state and federal estate taxes. While this may be applicable to those who have estates in excess of $5 million or more, the majority of our readers may not be so wealthy.

Why are women's estate planning needs different from men's?

It's a generally accepted fact that women tend to live longer than men do. Women who marry older men are even more likely to outlive their husbands. This often means that women must be financially and mentally prepared to spend a number of years on their own.

Comprehensive estate planning in Colorado includes a declaration as to medical or surgical treatment

The central purpose for estate planning generally is to declare your intent about certain matters while you have the present ability. Planning for the disposition of property in a manner that avoids unnecessary expense and conflict may be thought to be the primary purpose for estate planning. This is so because everyone knows about the inevitability of death and taxes.

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