Even if you don't have significant or overwhelming debt, odds are that you are going to still owe something when you pass away. Most people will owe property taxes, income taxes, credit card payments or even mortgage payments. They're just things that are part of your...
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Estate Planning
What happens when estate documents contradict each other?
Many people start with a will when creating an estate plan and then add more documents as their family grows and their personal circumstances change. They will make updates occasionally, likely to remove beneficiaries or add new assets. When you draft new documents or...
Why you need to choose your IRA beneficiaries carefully
You likely have taken an important step in your estate planning even if you haven’t started developing your will, trusts and other documents. That is designating the beneficiaries for your individual retirement accounts (IRAs). You do that on the accounts themselves...
How often can you write your will?
There’s actually no limit on the number of wills that you may write in your lifetime. Life can change, and your will should reflect things like births in the family, deaths, the evolution of your personal relationships and the ups-and-downs of your fortunes. It’s not...
3 reasons to use a discretionary trust
There are many different types of trusts that you can use and many different ways to set them up. It's all about identifying your own goals and then determining what will work best in that case. One type of trust is known as a discretionary trust. Unlike something...
Mistakes to avoid when writing your will
Creating a will is the responsible thing to do. After all, it ensures that your assets are distributed based on your wishes and helps reduce the likelihood that your estate will have to go through probate. When you create a will, making sure you do it right is...
The potential benefits of a discretionary trust
You know that you'd like to use a trust to leave money to your grandchildren. They are still minors, so you don't want to leave them the money directly, but you want to make sure that it's there for them. The problem is that you don't know exactly what the future...
Can you protect your autistic adult child from financial exploitation?
You have an autistic child, and you love them with all your heart. They’re high-functioning, so they don’t need a legal guardian to handle all major decisions for them. You are worried, however, how they may fare once they come into their inheritance from you – and...
What are the witness requirements for a Colorado will?
When you create an estate plan or draft a will, the documents instruct others about what to do with your property when you die. The executor handling your estate will have to present your will to the probate courts and then use it to administer your estate. Given how...
Disinheriting family members? Do it legally
You might have very good reasons to disinherit some or all of your family members. But if you fail to follow strict legal protocols, they could mount successful will challenges and still gain access to your estate. But you can reduce those odds significantly by...