You have a lot of decisions to make when creating a financial power of attorney, including who you’ll name as your agent. Your agent is the person who will step in and carry out your wishes in the event that you’re unable to do so. Since this is such a big...
Many parents with school-age children look forward to the day their child leaves home and takes responsibility for themselves. However, if your child has a disability, things can be different. There may never be a day when your child can look after themselves. They...
The writer Ralph Waldo Emerson once said, “Money costs too much.” A quick scan of the tabloids or celebrity gossip columns would back him up. They are full of tales of people who inherited vast sums of money, which they did not have the maturity to handle....
Welcoming your first child into the world is an exciting time. You and your spouse have waited nine long months to meet this special human being. Then those first few weeks after your baby arrives are a bit of blur, between feeding your newborn, changing diapers and...
An estate plan is not a one-and-done proposition. It should be treated as a living thing, one that must be tended to as the circumstances around it change. Many experts recommend reviewing an estate plan regularly, as well as after significant life events. This helps...
Just about everybody owns an account or policy that requires a designated beneficiary. Such a designation allows you to choose who receives the funds upon your passing. Importantly, these assets then don’t go through the often-complex probate process.While this...
By the time most of us reach the estate planning stage of life, the idea of putting money toward college savings is a distant memory. However, for individuals with young family members, such as grandchildren, this is worth reconsidering.The 529 college savings plan is...
Estate planning is beneficial for every individual. But the more assets you own, the more important it is to take a proactive approach. From tax obligations and probate, to medical decisions and family dynamics, estate planning provides loved ones clear answers to...
One of the main decisions in estate planning is what to leave to your children. Many Coloradans know almost automatically that they just want to split things equally. But even that is sometimes more complex than you might think. Potential for sibling dissension For...
The digital age has changed every aspect of how we conduct life. That includes estate planning. There are now countless do-it-yourself will creation tools out there, each making the case that this DIY approach is all you actually need. But as the old saying goes: If...
