Powers of attorney are important estate planning documents. They give people protection from emergency situations. An individual who has a heart attack or ends up in a coma after a car crash may benefit from previously-drafted powers of attorney. An agent or attorney...
People usually don't create estate plans for their own edification. Instead, their main priority is often to protect their loved ones. Married couples may establish estate plans to protect one another. Once they have children, the need for an estate plan increases...
Many people try to establish estate plans that can protect them for years, if not decades. They select personal representatives who are likely to remain healthy well into the testator's golden years. They use broad language when talking about the distribution of their...
Planning for your future medical care might feel overwhelming, but creating an advance directive can provide invaluable protection for you and your loved ones. This powerful legal document, also known as a living will, outlines your healthcare wishes and helps ensure...
Estate planning is a crucial process for many people in Colorado, and taking the right steps during this process can help you create a more effective plan to provide for your loved ones. What should you consider when creating your estate plan? 1. Look beyond your...
Adults who have even a basic will in place have done more planning than most people. It is common for people to procrastinate for decades about estate planning. Most people do not have wills. Any estate planning is often better than ignoring the process entirely....
Estate planning is an important process to manage and allocate an individual's asset base. This is beneficial not only at one’s passing but also in the event of incapacitation. Despite its importance, many fail to address all necessary elements, potentially leading to...
Not every asset passes through a will. Certain types of property can transfer directly to a designated beneficiary, bypassing the probate process. If used wisely, this direct transfer not only simplifies the distribution of assets but can also result in efficient...
Those creating or updating estate plans often need to consider the best solutions available for different high-value assets. There are sometimes ways to keep valuable property out of probate court. Particularly when there are worries about creditor lawsuits or...
Estate planning allows an individual a great deal of control over their legacy. Frequently, testators establishing documents focus on their most valuable property first. They arrange for someone to take over the family business or assume ownership of their home after...
