Owning your own home is a cornerstone of the American dream. For many American adults, it can take a lifetime of hard work to purchase and then pay off a house. Homeownership is probably something you feel very proud about. Your home also represents a valuable asset...
Your goal for your company is simple: You want to leave it to your children. You want it to remain a family-owned business. You’re not interested in selling it and putting the money into your estate plan. You want the children to keep running it, both because of your...
When you are made the personal representative of someone's estate, one of your jobs will be to settle any debts. You need to take care about how you do this. Do not be tempted to prioritize those who shout the loudest. Under Colorado law, there is a specific set of...
A special needs trust is a crucial tool that allows parents and other caregivers to provide structured financial support for a loved one with special needs. People often use significant assets to fund a special needs trust while simultaneously restricting how the...
Government health insurance programs have strict limitations. Medicare is an important resource for adults over the age of retirement, but it doesn't cover all kinds of care. People can wind up needing uncovered services or going into debt when they have Medicare....
The idea of giving someone else control over your finances and medical decisions may not appeal to you. Giving up your personal sovereignty and entrusting your health and financial well-being to someone else requires a lot of faith in that person's decency. Concerns...
Minor children are generally dependent on their parents for basic necessities and the management of their care. Parents can make decisions on behalf of their minor child, from what school they should go to, to what medical care they should receive, because young...
Watching your child grow and mature can be very rewarding, especially as they grow ever-closer to adulthood and start making decisions that will shape their future lives. Unfortunately, if you have a child with special needs, their increasing age can also be a cause...
An estate executor has the important job of upholding the estate plan. It may be just a simple will, or it may be a complex plan with numerous assets. Either way, it is the executor’s job to adhere to the wishes expressed in those documents. For instance, the...
There are a lot of myths about estate planning. For instance, some people believe that they can give an oral will and have it hold up in court, but these are not recognized in Colorado. Another common myth is that whatever you write in your will trumps everything...
