As you create a will, you’re essentially just setting up guidelines for how your assets should pass through probate. This is the process by which they will be distributed to your heirs. This is very simple for some individuals and incredibly complex for others,...
Not all parents choose to talk over end-of-life and estate matters with their adult children. It might make them uncomfortable or anxious, so they never broach the topic. As people age, their medical needs might change, or they may begin experiencing the physical and...
Watching your parents age and lose their independence can be quite difficult. However, this is inevitable with age. If your parent is no longer able to care for themselves due to age-related complications or incapacitation, you may need to petition the court to...
Whether you founded a used part salvage lot or followed in your mother's footsteps and took over her orthodontist practice, you own a business that serves the local community. That business may represent the primary source of your personal income and also a large...
If you have a loved one with special needs, you might worry that you will leave them in a precarious situation when you are gone. For instance, if you bequeath your estate through a traditional will, your loved one may not be eligible for government support programs...
Long-term independence is often the main goal of those thinking about their retirement and golden years in Colorado. Aging in place is often part of the plan, as the people feel more comfortable staying in the same home and have a better idea of how to plan their...
Estate plans can be very unique and can be built in different ways. One person may just have a will, for example, while the other person has a much more complex plan that includes a qualified domestic relations order (QDRO), a trust and power of attorney. It all...
If you don't prepare ahead of time for the experience of growing older, you may end up dependent on other people financially or on a day-to-day basis. It takes considerable advance planning for an adult who is ready for retirement to arrange to age in place in their...
As a young couple diligently doing your estate planning, you have a life insurance policy in place for your children. You’re in accord on who should rear the kids if the unimaginable occurs, and they’ve agreed to step up. You’ve covered all the bases, right? Maybe...
Your aging parents raised you never to take advantage of anyone else. They suffered no fools when they were younger, but you’ve noticed a shift in recent years. They are a lot more trusting and naive than they used to be. This isn’t necessarily bad, but it can make...
