Often, those who are interested in estate planning are elderly individuals who know that they need to get their affairs together quickly. However, there are also cases where the children of these individuals are worried that they haven't done their estate planning,...
Estate Planning
5 items many people forget in their estate plans
Everyone’s estate plan is different, so it can be a little tricky to decide what you want to include in yours. While some people may have many assets to protect, others may not. Some may want to leave behind inheritances while others want to donate. Regardless of your...
Should you address your funeral wishes in your estate plan?
Planning for the end of one’s life is never a pleasant endeavor, but the peace of mind such planning brings makes it an invaluable task. Some people leave these matters up to their family members. Others choose to make funeral decisions, sometimes in great detail,...
Is it time to refresh your health care power of attorney?
When you initially choose your health care power of attorney, you select someone based on who you know at the time as well as who shares your same feelings about medical care or treatment. Over time, your opinion about those aspects of your care may change, and if so,...
What happens to my pet when I die?
You can designate who you would like to look after your pets in your will. If someone other than the person you name thinks they have a claim to the animal, it is best to talk about it first to avoid them fighting each other in court. Having someone care for the...
Do you want to save a life even after yours ends?
You live your life to try to benefit your community and the people you love. You may even donate to charity and perform random acts of kindness for strangers. For those with a strong calling toward compassion or kindness, the idea that they can continue to help others...
Estate planning: 3 ways to pass on a vacation home
Whether a ski chalet in the mountains or a cabin on the water, a vacation home offers busy families a welcomed respite. A chance to get away from the hustle and bustle of everyday life and tune back into nature while reconnecting with family, friends and loved ones....
Can you use a transfer-on-death deed for your Colorado home?
Your estate plan establishes your legacy and ensures that the right people receive your property when you die. Typically, testators creating wills and other estate documents focus on their biggest assets first. Few pieces of personal property will have the financial...
Are the terms “heir” and “beneficiary” interchangeable?
During estate planning, two terms that often come up are “heir” and “beneficiary.” Many people think that they are synonyms that can be used interchangeably. However, that is not the case. So, what is the difference between the two? When is it appropriate to use...
Tips for executors in settling Colorado estates with out-of-state heirs
It's complicated enough to be an estate executor when everyone lives in the same place. But what if there are heirs in other states? For instance, maybe you and your siblings all grew up in Colorado. You stayed near your parents, and so they named you the estate...
