Estate planning often carries the misconception that it is solely the concern of the elderly or the wealthy. However, planning for your future financial and health-related decisions does not have a definitive age requirement. In Colorado, the moment an individual...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Estate Planning
How useful is a living will to your estate plan?
Having a well-thought-out estate plan is crucial in a world where the unexpected can strike at any moment. It means planning for things like incapacitation - when you cannot make independent decisions regarding your healthcare due to mental or physical limitations....
Do divorced parents need to name a guardian in their wills?
Married parents and those living together with a romantic partner often recognize how important naming a guardian for their children is. They could experience a simultaneous car crash that leaves the children with no surviving parents. People understand how...
Are there options other than disinheriting an irresponsible heir?
If you have an irresponsible heir, you may be worried that they’re going to waste their inheritance. You’re drafting your estate plan, and you’re thinking carefully about the decades that you have spent saving up these assets. You don’t want to give them to someone...
Power of attorney: Who should you appoint?
A power of attorney is a legal designation that empowers someone else to act on your behalf under very specific circumstances. It can be set up so that they have the legal right to make financial decisions, medical decisions and even decisions on behalf of any...
Careful planning is necessary for sentimental items
Careful estate planning is often necessary for any assets, as it can be complex to pass wealth to the next generation. Estate planning can make this process go smoothly, and it can also lower the odds of a dispute. Disputes are much more common in situations where...
4 facts you should know about estate planning
People can make estate plans in anticipation of their passing. Estate plans help instruct how their assets are handled. An estate plan can help reduce issues for beneficiaries. Are you thinking about making an estate plan? It can help to learn a few facts about...
What are discretionary trusts?
Trusts can play a vital role in estate planning. As they do not pass through probate the beneficiaries of the trust can receive anything in them far faster. If of course, you want them to receive things straight away. How and when a trust gets distributed depends on...
How do trusts bypass the probate process?
Regarding estate planning, trusts stand as powerful tools that offer individuals and families a way to safeguard their assets, streamline inheritance processes and oversee the seamless transfer of wealth from one generation to the next. Trusts, when structured and...
3 crucial documents for first-time estate planning
Getting married or having a child might serve as a strong motivation to help someone create an estate plan. Other times, it might be career success or the acquisition of certain resources that motivates a young professional to put together an estate plan. All too...