Preparing a "do-it-yourself" will when you are not experienced in estate planning is kind of like changing your own oil when you have never done any mechanical work. You may be able to do it, but chances are you are going to make mistakes and probably a mess as well.
If you have already created your will, you are well ahead of most Americans. However, many people do not realize that wills must not only reflect their wishes, they must also abide by current laws and changes in their lives.
The whole world probably seems like it's gone digital in the last decade or so -- and the odds are good that there's a lot of your life contained inside some digital files as well.
Each state has its own statutes and requirements for wills. It pays to know your state's requirements, or you can utilize the expertise of a Colorado estate attorney when drawing up your last will and testament. An illegitimate will could end up in probate court despite your best efforts.
People don't really like thinking about wills in the first place. Doing so is often painful and requires asking yourself a lot of difficult questions.
Inheritance theft is something that can happen right under your nose. You may have been told time and again that you're going to inherit something only to find out that when your parent, grandparent or other relative dies that whatever you were promised is gone or the bank accounts are nearly emptied.
Earlier this year, we took a look at why it's important to create a will and do your estate planning early on, while you’re still in good health. Now, we’ll delve into state-specific information you should know about setting up a will in Colorado.
At first, the term "living will" might sound like an oxymoron. If a will is a document intended for after you die, then what in the world is a living will?
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 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 dangerous, and it could leave your beneficiaries and family members without a clear path for acquiring family assets.