There is a lot an executor does other than just passing over an estate to its heirs. Their role is multifaceted, and understanding their duties is essential for making an informed choice when creating your estate plan. The person you appoint as the executor of your...
A trust is a legal document that puts assets in the protection of a trustee. The trustee is then responsible for seeing that the assets are distributed to beneficiaries as instructed by the grantor in their estate plan. Unlike a will, there are many kinds of trusts....
With the possible exception of businesses or investment accounts, real property is often the most valuable asset someone owns. Therefore, those preparing or updating an estate plan in Colorado often need to think carefully about what they will do with their home,...
As someone's health and family circumstances evolve during their golden years, their needs and intentions for estate planning will continue to shift as well. Eventually, for some adults, the impact of aging will influence their ability to draft legally-binding...
While many people are aware of wills and trusts as crucial components of estate plans, they often overlook another essential element - advance directives. These legal documents can complement your estate plans in ways that add an extra layer of protection and ensure...
Setting up a special needs trust for your adult child in your estate plan is an act of love. You want your assets to be used to enhance their life, without negatively affecting their entitlement to needs-based benefits like Medicaid or Supplemental Security Income...
When you draft a power of attorney, you empower another individual to make decisions on your behalf in the event that you are incapacitated due to illness or injury. Generally, power of attorney designations are used for two specific purposes. A power of attorney may...
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...
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. ...
There are those who argue that a business should have a succession plan from the very first day that it exists. A new owner should include succession planning as part of the start-up process. They have to complete many other legally-related tasks, such as creating a...
