Many adults think that they won’t need an estate plan if they don’t have children. The truth here is that you need to outline where your assets will go so that your loved ones won’t have to try to figure it out after you pass away. Failing to set up an estate plan...
Every adult needs to have an estate plan before they pass away. This gives your loved ones instructions about your assets so they can follow your wishes. While most people think that a will is all they need, there are other components that are just as important. One...
The primary estate planning document – the will – can do many things to give you peace of mind. You can use this legal instrument to provide for your loved ones after you die. Your final will can also ensure care for your minor children through the appointment of a...
You have a lot on your plate as a new parent. Yet, if you do not set aside time to create an estate plan or update your current one, your child might suffer in the long run from your inaction. Your newborn is going to rely on you for years to come. You need a plan in...
One of the first things people do when creating an estate plan is list their beneficiaries and decide what to leave. Making such a list ensures you do not overlook any loved ones in your will and trust documents. Contrary to popular belief among many Colorado...
One of the biggest reasons that estate disputes happen is because heirs cannot determine what to do with items that have sentimental value. Often, the estate plan does not offer the clear direction that they need. This can happen because the parents do not fully grasp...
When your loved one passes away, it can throw your family into crisis mode. Immediately, you’re focusing on your grief and figuring out how to manage without your loved one present. If they were unwell or older, you may have had some time to plan for their passing. If...
Perpetual trusts or dynasty trusts, as they are sometimes known can be an important estate planning tool. Yet, you probably only need one if you have considerable wealth. When you die, the people you leave assets to may need to pay tax on what they receive. A...
One of the saddest things you can see is a family squabbling over money left to them. There is no way you can guarantee your loved ones will not do the same when you die, but you can take steps to minimize the chance they do. Inheritance is a taboo subject in some...
Is it ever a good idea to give up substantial control of your assets to another person or entity? Well, it all depends on your reasons, and sometimes, it may be the best thing to do -- in the interests of your estate. An irrevocable trust legally removes your rights...
