As you contemplate your estate-planning process, one potentially useful tool you might ponder is a spendthrift trust. While not everyone will need to include this estate-planning tool, those who do need one find them to be a good way to protect beneficiaries from...
There are many components in a comprehensive estate plan. While many people think about the will and trusts, the power of attorney designations should receive equal attention. As part of your estate plan, you need to establish a financial power of attorney...
When you’re selecting your health care proxy, which is also known as your medical power of attorney, it’s a good idea to make sure you select someone you trust and know will make good decisions on your behalf. There are many characteristics that make someone a good...
Creating a will is pointless if a court will not uphold it. Each state has different laws regarding what they consider a valid will. What conditions must I meet for a will to hold up in Colorado? For your will to be valid in Colorado, you must comply with the...
If you have a child with special needs, you need to take extra steps to ensure that they will be well cared for if you die or become incapable of looking after them. While this is important for any parent, the fact your child may need assistance for the rest of their...
Owning your own home is a cornerstone of the American dream. For many American adults, it can take a lifetime of hard work to purchase and then pay off a house. Homeownership is probably something you feel very proud about. Your home also represents a valuable asset...
Government health insurance programs have strict limitations. Medicare is an important resource for adults over the age of retirement, but it doesn't cover all kinds of care. People can wind up needing uncovered services or going into debt when they have Medicare....
The idea of giving someone else control over your finances and medical decisions may not appeal to you. Giving up your personal sovereignty and entrusting your health and financial well-being to someone else requires a lot of faith in that person's decency. Concerns...
There are a lot of myths about estate planning. For instance, some people believe that they can give an oral will and have it hold up in court, but these are not recognized in Colorado. Another common myth is that whatever you write in your will trumps everything...
Life is unpredictable. It doesn't matter how old your company is; you must engage in succession planning. If you don't make plans now, then you could put your Colorado company's longevity at risk. What is business succession planning? Leaders should be...
