The average adult in Colorado knows they might benefit from an estate plan but will continue procrastinating and putting off the actual process of drafting documents. Some people will delay for too long and will experience a medical emergency or die without having...
You know that you eventually need to make an estate plan, but you're not sure when to do it. Maybe you think it's more important later on in life. Perhaps you've never really considered it that carefully before. For whatever reason, you're wondering when the best time...
Powers of attorney are useful protective documents that a surprising number of testators overlook when creating their estate plans. Some people don't think about the risk of incapacitation, while others simply procrastinate about addressing this concern. Those who...
One of your heirs has a substantial amount of debt. You know they've had financial problems in the past, and perhaps they struggle to hold down a job. Creditors have been calling, but there's no way for them to pay. You're making your estate plan, and you're worried...
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...
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...
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...
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...
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...
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...
