Circumstances can arise where Colorado parents can no longer rear their own children. Sometimes devastating or terminal illness prevents them from parenting; other times addiction to alcohol and drugs result in the removal of children from their parents' custody. When state agencies like the Department of Human Services become involved, the parents often have little or no input in where the children will go.
Leave your assets to your heirs and not Uncle Sam
When it comes to windfalls of any kind, Uncle Sam usually has his hand out. But there are ways for Colorado residents to limit the taxes that heirs have to pay on any legacies they receive.
Start now with long-term care planning
Nobody wants to learn that they have a degenerative disease that will slowly strip their body functions and mental faculties from them. It's probably one of the most devastating occurrences anyone could ever endure. But Colorado residents receive these diagnoses just as people everywhere do.
Estate administration: What are your responsibilities?
When parents die, their adult children not only must deal with their grief, but also tend to the practicalities of arranging their funerals and handling matters of their estates. Some Denver residents may be shocked to learn that one or both parents died heavily indebted.
