A living will is one of the most valuable advance directives that people can include in their estate plans, and it is also one that people all too often overlook. They put together a durable power of attorney to name someone to act as their agent and a will...
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Estate Planning
3 reasons not to put off estate planning
Many people put off estate planning, and they do it for a variety of reasons. Some find the process to be too complicated and confusing. Others just think that they’re too busy to do it. Still others don’t like having conversations about their own death, so they don’t...
What are some potential disadvantages of a living trust?
You have probably heard that a living trust offers many benefits. For example, the assets held in the trust typically do not need to pass through the Colorado probate process. Two other benefits include security for you and your loved ones and the flexibility to...
Changing your child’s named legal guardian in your estate plan
The birth of a child is often the event that incentivizes people to begin their estate planning. They want to ensure that their child will be well cared for if anything were to happen to both parents before the child reached adulthood. A lot can change over 18 years....
The importance of choosing the right health care agent
One of the most important documents in your estate plan may be your advance health care directive. In Colorado, there’s more than one type of form you can use for this, including a living will. Regardless of the document(s) you choose, it’s crucial that you make your...
4 times you need to update your estate plan
Many people make estate plans and update them every couple of years. However, there may be life events that cause people to update their estate plans early. Here’s when you should consider updating your estate plan early: 1. A marriage One thing to consider after...
Can you control how adult children use their inheritance?
Are you worried about what your heirs are going to do with the money that you leave them? You’re not the only person who has expressed this concern. Adults often express this worry for a variety of reasons. For example, maybe you feel that your heirs are still young...
How does a special needs trust work?
If you have a loved one with special needs, setting up a trust for them can be the best way to ensure that their financial needs are met when you are gone. However, not all trusts are suited for this job. A special needs trust is what you need. Special needs trusts...
5 questions about estate planning
You likely have some idea what estate planning is: the process of arranging your estate for the preparation for your passing. However, estate planning isn’t so simple. There are a lot of questions you may have. This is what you should know: 1. Do you need an estate...
3 reasons to change the agent named as a power of attorney
Those who want to protect themselves and their families from unforeseeable emergencies often add living documents to their estate plans in addition to testamentary documents. For example, powers of attorney designations are beneficial for those who worry about who...