Colorado Estate Planning And Estate Settlement Legal Blog
For many people, concern about their family’s financial well-being is the primary motivator for creating an estate plan. Particularly for those who do not have a legal or biological tie to the individuals they love the most, an estate plan is necessary to protect their intentions for who receives which assets. When someone dies without a will, the state of…Read More
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…Read More
If a loved one has been recommended for palliative care or hospice care by their doctor, it is likely that they will be moving into the later stages of an illness. This means that they need specialized treatment to help them be as comfortable as possible during this time. It can be very difficult to come to terms with the…Read More
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…Read More
There are many reasons why someone planning an estate in Colorado will want to include a trust as part of that plan. If the estate has substantial assets, a trust can protect heirs and beneficiaries from estate taxes. If there is worry about dispute within the family about the distribution of assets, moving those assets into a trust can make…Read More
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.…Read More
You may not be the wealthiest person on the planet (to be serious, few people are), but that doesn’t mean that you shouldn’t protect what you do have. A trust is a great way to do that. Some people believe that trusts are something for the wealthy and well-to-do, but the truth is that a trust can be a good…Read More
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…Read More
Trusts are one of the most essential estate planning tools in use today, and there are many kinds of trusts to choose from when considering your options. However, no matter what type of trust you use, they all must come to an end one way or another. If you’ve done much research into estate planning, you know that there are…Read More
There are so many important decisions you need to make when setting up your last will and estate plan. People can overlook some of the more important considerations, perhaps because they aren’t familiar with standards for last wills and estate administration. The average person creating a last will understands how important it is to name the right person as executor…Read More