When it comes to estate planning, one fundamental aspect of it is having in place a power of attorney. The purpose is to make sure that you’re looked after both financially and medically when you are no longer able to do so yourself. Often the first person that comes...
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Estate Planning
Fundamental components of an estate plan
Estate planning can be a rewarding process that helps families handle their deceased loved one’s estate. Estate planning is a process that testators will do in anticipation of their passing. It’s also a legal process that can handle more than just asset distribution. ...
Should you include a power of attorney in your estate plan?
It pays to be proactive in life, especially when it comes to planning your estate. With a properly executed estate plan, you can have peace of mind knowing that the wealth you’ve worked your entire life to build will be managed according to your wishes after you’ve...
How can an estate plan help your child with special needs?
Estate planning plays a vital role in safeguarding the financial security and care of individuals with disabilities. A key component of an effective estate plan for a child with special needs is the establishment of a Special Needs Trust (SNT). An SNT is a legal...
Estate planning tips for frequent travelers
Frequent travelers, whether for business or leisure, require thoughtful estate planning. The unpredictability of constant travel necessitates an estate plan that can cater to different scenarios, safeguarding assets and ensuring loved ones are cared for in unforeseen...
The risk people face when making 11th-hour estate plan updates
Colorado estate plans typically include specific details that reflect someone's family circumstances, finances and health. As an individual's life evolves, they will likely need to go back and revisit their existing documents. Both living documents addressing medical...
How do you update your estate plan?
It's crucial to create your estate plan earlier - you don't need to wait to own assets worth thousands of dollars or kids. Besides, you can update your plan when circumstances change. But how can you do this? Here are two ways in which you can update your estate plan....
3 common mistakes new parents make when estate planning
Adding a new child to the family will inevitably mean changes to the financial and legal circumstances of the entire household. Becoming new parents is one of the most common reasons that people start the estate planning process. They want to protect their children...
What role does a letter of instruction play in estate planning?
Estate planning is more than just distributing assets after death—it's about ensuring your loved ones understand your final wishes and access essential information. This is where a letter of instruction plays a vital role. Although not legally binding like a will, it...
Should an adult child come to your estate planning consultation?
It is normal to feel a little overwhelmed by the prospect of attending your first estate planning consultation. After all, you don’t know what to expect or what topics might be open for discussion. You might think bringing one of your adult kids will help you feel...