A trustee - the person whom you put in charge of a trust's assets - has what is called a fiduciary duty to the beneficiaries of the trust. They must be loyal and prudent, always act in good faith with the beneficiaries' best interests in mind and adhere to...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: October 2019
Inheritance and creditors: How to help protect your loved ones
For many people, a crucial piece of planning their legacy is helping their loved ones. By passing assets to those you care about, you can continue supporting them long into the future. This plan can become problematic, however, if the person to whom you want to leave...
2019 update on Medicaid income and asset limits
It is further into the year than usual for this post, but we do aim for a yearly update to keep accurate numbers on our site. While many aging parents never see themselves spending time in a skilled nursing facility, the reality is that longer lifespans increase the...
Part II: Is a living trust right for you?
As regular readers of our Denver estate planning and elder law blog know, we recently dove in this space into the subject of living trusts. A living trust can be the perfect way for many to not only protect their assets while they are alive, and then pass those assets...
Part I: Is a living trust right for you?
One of the very first and most important things you do when creating an estate plan in Colorado is to identify your goals. For many, the goal is two-pronged: they want to protect their assets while they are alive and they also want to pass on assets when they die....