You have an adult child with special needs, and you’ve been told that the best thing you can do for their future is to create a special needs trust. That way, your child can benefit from the inheritance you want to give them. Special needs trusts are designed in a way...
Perpetual trusts or dynasty trusts, as they are sometimes known can be an important estate planning tool. Yet, you probably only need one if you have considerable wealth. When you die, the people you leave assets to may need to pay tax on what they receive. A...
As a business owner who is making an estate plan, you probably know that your most valuable asset is your company. You still need to plan for the family home, your vacation cottage, your investment portfolio and everything else you own, but what you do with your...
One of the saddest things you can see is a family squabbling over money left to them. There is no way you can guarantee your loved ones will not do the same when you die, but you can take steps to minimize the chance they do. Inheritance is a taboo subject in some...
Is it ever a good idea to give up substantial control of your assets to another person or entity? Well, it all depends on your reasons, and sometimes, it may be the best thing to do -- in the interests of your estate. An irrevocable trust legally removes your rights...
Your advance medical directive is a simple, three-part document that details what you’d like someone to do in the case of a medical emergency. The document lets another person make medical decisions for you and help with end-of-life decisions. In Colorado, your...
The last 18-plus months have caused many Americans to reflect on the importance of being prepared for the worst. Surveys show that more people, especially those in their 30s and 40s, are thinking of doing estate planning. Something they had avoided before and might...
If you are like most adults, then you have a number of bills to pay every month. There is a mortgage or rent payment, a car payment, insurance payments and utility bills. You may also have credit card bills and payments due on other revolving lines of credit that help...
It’s difficult to watch a loved one go without the medical care and services they need -- especially when you realize that they’re in some sort of mental decline due to the ravages of age or disease. In that kind of situation, you may have to step forward and ask the...
One of the exciting parts of estate planning is thinking about how much your loved ones will enjoy what you leave behind for them. Whether you are leaving behind money or other assets, you know your friends and family will appreciate the support you leave for them....
