One of the very first and most important things you do when creating an estate plan in Colorado is to identify your goals. For many, the goal is two-pronged: they want to protect their assets while they are alive and they also want to pass on assets when they die....
Farming and ranching have been a way of life for Colorado families. These holdings often stay in families for generations, passing down not only a valuable asset, but also a sustainable livelihood for years to come. Rural life of a farm or ranch, although incredibly...
Have a family burial plot and casket burial become a thing of the past? Not yet, but more are looking for other options. For instance, 80 percent of boomers are opting for cremation. Many are leaving more preferences for their memorial service and final resting place...
Colorado is one of a handful of states that still recognize common-law marriages, which are relationships in which the partners agree to be married and hold themselves out as married even though they have not followed state-sanctioned marriage requirements. If the...
When was the last time that you wrote a message by hand on paper instead of sending a text? Where are your photos stored? Do you use two-factor authentication on accounts? Whether you have an iPhone or use android technology, your phone is basically a digital...
As people age, the fears may become more and more real. Fears of dying surrounded by strangers in a healthcare facility or being strapped to medical machines that take away dignity and a sense of what makes life meaningful. Advance medical directives help people face...
Estate planning can be tough to start. You may jot down some thoughts and wishes and then get distracted. It is important to recognize that handwritten (holographic) wills may not be legally binding and can lead to conflict. Surprisingly, some well-known people have...
Often, siblings are in their 60s or 70s, but rivalries remain and may have only intensified over the years with career and financial success or lack thereof. From the time Mom or Dad needs more care, the disagreements can start. Comprehensive estate planning and...
When an adult child or other loved one is on the spectrum who handles his or her finances The answer cannot be the same for each family or individual. Generally, two legal approaches exist. In the first, the court may appoint a conservator to handle financial affairs....
Many accounts fall into the category of payable-on-death that generally transfer outside the probate process. POD options are common for checking and saving accounts and CDs. Transfer-on-death (TOD) provisions are common for 401(k)s, IRAs and other nonretirement...
