As you begin to think about developing an estate plan, you realize that you’re leaving your adult child a considerable amount of money and other assets. Whether you’ve accumulated them through hard work and smart investing or been fortunate enough to inherit them from...
The average adult in Colorado knows they might benefit from an estate plan but will continue procrastinating and putting off the actual process of drafting documents. Some people will delay for too long and will experience a medical emergency or die without having...
You know that you eventually need to make an estate plan, but you're not sure when to do it. Maybe you think it's more important later on in life. Perhaps you've never really considered it that carefully before. For whatever reason, you're wondering when the best time...
Powers of attorney are useful protective documents that a surprising number of testators overlook when creating their estate plans. Some people don't think about the risk of incapacitation, while others simply procrastinate about addressing this concern. Those who...
One of your heirs has a substantial amount of debt. You know they've had financial problems in the past, and perhaps they struggle to hold down a job. Creditors have been calling, but there's no way for them to pay. You're making your estate plan, and you're worried...
Your elderly relatives have spent decades ensuring that you and the rest of the family are looked after. At some point, however, there will come a time when these roles need to be reversed. While elderly people are often still highly independent, they can also be...
Probate litigation is sometimes necessary despite the best-laid plans of the testator. When beneficiaries believe that an executor has embezzled or made terrible decisions, they could challenge their position or ask the courts to stop them from transferring certain...
Even if you don't have significant or overwhelming debt, odds are that you are going to still owe something when you pass away. Most people will owe property taxes, income taxes, credit card payments or even mortgage payments. They're just things that are part of your...
Advanced age or medical conditions can compromise someone's ability to take care of themselves. Often, issues with financial matters are an early warning sign of someone's declining ability to live independently. It can be difficult for an older adult or someone...
When an estate is going through probate, the executor administers everything, from consolidating assets to paying off debts. Essentially, the estate is under their control. However, an executor cannot do as they please with the estate. The law requires them to act in...
