Your goal for your company is simple: You want to leave it to your children. You want it to remain a family-owned business. You’re not interested in selling it and putting the money into your estate plan. You want the children to keep running it, both because of your...
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guiding colorado families and Their Trusted Advisors During Times of Need
Month: January 2021
How do I pay creditors when executing an estate?
When you are made the personal representative of someone's estate, one of your jobs will be to settle any debts. You need to take care about how you do this. Do not be tempted to prioritize those who shout the loudest. Under Colorado law, there is a specific set of...
Planning for the end of a special needs trust is important
A special needs trust is a crucial tool that allows parents and other caregivers to provide structured financial support for a loved one with special needs. People often use significant assets to fund a special needs trust while simultaneously restricting how the...
Without a solid plan, Medicaid could take your entire estate
Government health insurance programs have strict limitations. Medicare is an important resource for adults over the age of retirement, but it doesn't cover all kinds of care. People can wind up needing uncovered services or going into debt when they have Medicare....
Why you can’t overlook the benefit of a durable power of attorney
The idea of giving someone else control over your finances and medical decisions may not appeal to you. Giving up your personal sovereignty and entrusting your health and financial well-being to someone else requires a lot of faith in that person's decency. Concerns...
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