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...
Estate Planning
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...
Can you choose more than one power of attorney?
If you are working on your estate plan, something to consider is setting up your powers of attorney. It is normal to set up more than one POA, even though many people think of a power of attorney as a single legal document. There are a number of different powers of...
How to talk to your loved ones about your estate plans
Carefully planning your estate ensures that your wishes can be followed once you pass away. This includes writing out your will and establishing trusts so your assets are handed down as you intend. Discussing all the components of our estate plan with your loved ones...
Is there an estate tax in Colorado?
You have a substantial estate, and you know that passing it on to your heirs is something that could get complicated. You want to give them the largest possible percentage of your assets. This is money that you've worked very hard for in your life and you want it to...
Professional fiduciaries can manage a scholarship fund
Education is powerful and can help someone change their circumstances. Perhaps you built a successful business or professional practice because of your dedication to academic pursuits. Maybe you've just seen firsthand how education can empower those seeking to change...
There are 2 major risks when minor children inherit property
Your children are a huge part of your life, and you likely feel a deep sense of responsibility to them. You want to leave them as much as possible from your estate when you die. Still, that does not mean that leaving them a direct inheritance is the appropriate...
What happens to your debts after you’re gone?
You may have questions about issues involving your assets and what happens to them after your death. You might also be wondering about your debts. What happens to them when you are no longer here? One thing is certain – debts do not simply vanish following the death...
How can you protect your digital presence after you die?
Benjamin Franklin once said, “in this world, nothing can be said to be certain, except death and taxes.” While death is unavoidable, you leave a lot behind when you are gone. Besides your family and assets, you also leave a digital footprint. While each person’s...
