Colorado Estate Planning And Estate Settlement Legal Blog

Options for long term care in Colorado may seem plentiful, but choosing the right residence to fulfill a loved one’s needs can nevertheless be frustrating. Determining whether a family member needs long term care in the first place can also prove to be a challenge. While the choice in facility depends on individual situations and health needs, qualifying for Medicaid…Read More

It is nearly impossible to anticipate every medical need that a person will require as they grow older in Denver. However, many people end up needing long-term care as they age, either due to a cognitive or physical illness. The cost of such care can be extremely expensive and that is why some companies offer insurance policies that help offset…Read More

A common misconception in Colorado and across the nation is that young people do not need to worry about planning what happens to their estate until they are older. In fact, this could not be further from the truth. A recent report from USA Today states that 58 percent of adults in America have no will or trust in place, and among…Read More

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.…Read More

Researchers are closing in on the secret to a long and happy life. It may not be the fountain of youth, but a 16-year study has identified specific behaviors that lead to prolonged independence. It is well known that physical activity and family relationships may allow you to live a long time. However, many people are far more concerned about…Read More

Long term services in Colorado can take on many different meanings, depending on the age and physical or mental state of a patient. Different factors, including the patient’s health or disability needs, can determine the type of care needed to make life easier over a long period of time. Choosing the right plan for long term care can ease stress down the road.…Read More

Have you been patting yourself on the back because you have an estate plan? It feels good knowing that you have done all you can to prepare for what is to come. As a part of your comprehensive estate plan, your attorney probably explained the importance of completing your beneficiary designations on life insurance policies, bank accounts, pension plans and…Read More

Preparing your trust in Colorado can be confusing, especially when you come across terms that you have never heard before. One of the phrases that is commonly misunderstood is an inter vivos trust. Understanding what this trust is and what the benefits are can help you determine if this is the right trust for you. According to the American Bar…Read More

We have been posting a number of blogs regarding probate issues over the past few weeks. Today, we’ll discuss life insurance proceeds. Why the general rule doesn’t always apply The rule is that life insurance proceeds skip probate so long as you have named beneficiaries who can take the payout. Upon your death, your beneficiaries receive their share directly from…Read More

Payable on death (POD) and transfer on death (TOD) accounts are very similar, except that PODs are accounts set up with a bank, while TODs are set up with a brokerage. They both cause assets to sidestep the probate process and pass proceeds directly to the individuals you name in those accounts. What are the advantages of using a POD…Read More