A person who has assets to pass down to their heirs and beneficiaries can sometimes do that in a will. However, many people opt to use trusts because they can bypass the probate system. The individual who creates the trust can set certain terms for the disbursement by...
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Denver Estate Planning & Elder Law Blog
3 reasons you might need a guardianship to support a loved one
The idea of a guardianship makes many people feel uneasy. Plenty of concerned and loving adult children of aging parents delay seeking a likely necessary guardianship because they don't want to limit their parents' independence or damage their relationship. It is easy...
What exactly is “legacy planning?”
Legacy planning refers to planning for leaving behind not only assets and inheritances but also life lessons, personal values and memories. Legacy planning is unique because it involves much more than what you’ve earned and the legal matters that have to be attended...
Protect your elderly loved one with these 4 tips
Whether your elderly loved one is living at home or in a nursing home, they are going to be exposed to scams and situations where others try to take advantage of them. Unfortunately, it is not uncommon for the elderly to be taken advantage of, so it’s important for...
New parents need to look at their estate plan
Having a new child is a high point in a parent’s life, but it’s also a time when careful planning becomes a priority. One thing that new parents need to think about is their estate plan. Even if they already had one, it will probably need to be changed so that they...
A trustee could abuse their power by hiring friends and family
As the name implies, a trustee occupies a position of trust and authority. They have a duty to the trust itself and its beneficiaries. Typically, the person who creates a trust will name a trustee whom they think is capable of managing the trust. Usually, the person...
How can you prevent people from misusing a power of attorney?
If there is one reason that the average person doesn't have a power of attorney, it is probably that signing away some of their authority makes them nervous. Many people don't like the idea of giving someone else the power and legal authority to make their medical...
Should you have a ‘Do Not Resuscitate’ order in your estate plan?
As a part of your estate plan, you should establish your health care wishes if there comes a time when you can’t speak on your own behalf due to a serious illness or injury. Many people establish a health care proxy and give at least one person some power to make...
Reduce conflicts with these tips for estate planning
It’s normal to see family members with differing opinions on how to handle the passing of a loved one. It’s normal to see them argue about caring for an elderly loved one who needs more care and attention than in the past. Unfortunately, those arguments could get out...
Estate planning tips for your art collection
A serious art collector may have hundreds of thousands or even millions of dollars in their collection. It will contain many one-of-a-kind pieces that simply can’t be found anywhere else. Even if you just collected art for the love of art itself, and not as an...
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