Colorado Estate Planning And Estate Settlement Legal Blog

In recent blog posts, we discussed the importance of talking to your parents about their nursing home and estate planning strategies. This step is critical to making sure your parents have the care they need in their later years and that their assets are transferred according to their wishes. However, the most significant problem with talking about estate planning and…Read More

Estate planning can get complicated when multiple marriages and children from prior relationships are involved. However, the time spent establishing long-term goals and taking the steps to meet your objectives within with an estate plan is well worth it. Provisions in the plans of Hugh Hefner and Jerry Lewis Hugh Hefner was 91 when he died on September 27, leaving…Read More

In our prior post, we highlighted the importance of taking time have clear direction in a will to avoid inheritance disputes. This is because in times of sorrow, some may develop a sense of entitlement that may lead to disappointment when finally learning the contents of a will. In essence, some may be surprised to learn that they are not…Read More

It may be surprising how people react after the death of a wealthy loved one. There may be those who expect to inherit specific items or assume they have the authority to take control of property, such as a home or ranch despite what is written in a loved one’s will. It is not uncommon for those receiving less than…Read More

The natural beauty of Colorado is undeniable and draws people from all parts of the country. But some children grow up and develop lives outside of the state, leaving their aging parents behind. When the parent of an adult child gets older, it may be difficult for the child to make continual trips to Colorado for welfare checks and doctors…Read More

In a recent post, we discussed why it’s important to talk to parents about aging and finances as they approach their later years. That blog also provided some guidance about preparing for those often-difficult conversations. This blog gives you some pointers for getting the conversation rolling and includes ideas for questions you may wish to ask. It‘s okay to be…Read More

Are you uncomfortable talking to your parents about money, estate planning or death? Recently, this blog discussed how to talk to your adult children about your own death and their potential inheritances. Now it’s time to switch it around to having “the talk” with your aging parents. It’s not easy. Here’s how one woman’s conversation went: “Me to Dad: So, Dad, I’m…Read More

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…Read More

In our last post, we talked about the need to create an estate plan, and how many people are adverse to the idea of getting started. This is understandable on the one hand, but on the other, your estate plan is a vital part of your life (and eventual death). Going without a solidified and legally compliant estate plan is…Read More

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.…Read More