Will preparation is an important part of the estate planning process. By creating a will, you are taking proactive steps to ensure that your assets are distributed according to your wishes when you are no longer around to make key decisions. Unfortunately, the death...
At any point, you could get into a car crash or have a stroke that leaves you unconscious or unable to communicate with others. In that situation, you will be very vulnerable. You won't be able to handle your own financial matters, make decisions about your medical...
If you feel cheated when the contents of someone’s will are revealed, your first instinct might be to contest it. If you wish to do so and are one of the people eligible to do so (typically beneficiaries or those who would benefit if there were no will), rather than...
Certain parts of the estate planning process can be exciting for the testator. Thinking about who should receive your major assets, like your main residence, your vacation home and your boat, can be a pleasant experience, as can discussing your legacy wishes with...
The idea behind guardianship can be divisive in some circles. There are people, especially those who are older or who struggle with significant health issues, that think of guardianships as unnecessary or even a way for the state, medical institutions or supportive...
Having a trust as part of your estate plan is no longer something reserved for the rich and famous. A lot of people are recognizing the value of trusts when it comes to reducing estate taxes, avoiding probate and passing wealth safely onto the next generation. So, if...
As a business owner, one of the major assets that you own is your company. You're making your estate plan and considering what to do with things like investment portfolios, real estate and the physical assets that you own. But you know that you also have to have a...
As you get older, one thing you may want to start doing is planning for Medicaid. Medicaid is helpful for paying the cost of nursing home care and other medical treatments, but you do need to qualify. In order to qualify for Medicaid, you need to have minimal assets...
When the Colorado probate courts appoint a conservator or a guardian, they allow one adult to take responsibility for and control over someone's daily life or finances. Frequently, the person serving as conservator or guardian will have a pre-existing relationship...
It is common for those planning their estates to focus on their death. Creating a will, making burial arrangements and making plans for their personal property will be the biggest priorities when they plan. However, a good estate plan should also cover medical care in...
