Estate planning is an important process to manage and allocate an individual's asset base. This is beneficial not only at one’s passing but also in the event of incapacitation. Despite its importance, many fail to address all necessary elements, potentially leading to...
A conservator holds a position of implicit trust. They receive authority granted by the courts to manage the financial assets that belong to another person and help fulfill their financial responsibilities. Conservatorship usually involves the vulnerable person who...
Medicare is a federal health insurance program created to help cover healthcare costs for individuals aged 65 and older and those with specific disabilities and illnesses. Signed into law by President Lyndon B. Johnson on July 30, 1965, Medicare has become a crucial...
For many family-owned businesses, succession planning has traditionally meant passing the reins to the next generation. However, what happens when the kids have no interest in taking over the family business? This is a scenario many business owners face today,...
Starting June 1, 2024, the Social Security Administration (SSA) implemented an important change that concerns millions of users: transitions from the traditional Social Security username to a more secure Login.gov or ID.me account. This update seeks to make signing in...
Not every asset passes through a will. Certain types of property can transfer directly to a designated beneficiary, bypassing the probate process. If used wisely, this direct transfer not only simplifies the distribution of assets but can also result in efficient...
The probate process is an important step in administering a deceased person's estate. Occasionally, disputes arise that necessitate probate litigation. Common triggers can include concerns of undue influence that result in the deceased feeling forced to sign a will or...
In Colorado, conservatorship and guardianship are legal arrangements that provide another — the conservator or guardian — with the authority to make decisions on another individual’s behalf. These arrangements are particularly important in scenarios where individuals...
Those creating or updating estate plans often need to consider the best solutions available for different high-value assets. There are sometimes ways to keep valuable property out of probate court. Particularly when there are worries about creditor lawsuits or...
Most adults in Colorado pride themselves on maintaining an independent lifestyle. They earn their own wages and maintain their own households, possibly with the support of a spouse. Technically, anyone who reaches the age of 18 or older has responsibility for their...
