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...
As your parents age, you may realize they need assistance with daily activities like getting out of bed and dressing themselves. Furthermore, their underlying medical conditions may require around-the-clock care. This is when you might want to start looking for a...
Estate planning allows an individual a great deal of control over their legacy. Frequently, testators establishing documents focus on their most valuable property first. They arrange for someone to take over the family business or assume ownership of their home after...
When it comes to estate planning and probate, real property—whether it’s a beloved lakeside cabin passed down through generations or a family home where parents still reside—requires special consideration. Unlike such assets as retirement accounts or stocks, the...
Most people planning for retirement imagine the best-case scenario. They think about travel and spending time with their grandchildren, not the various medical issues that come with advanced age. Unfortunately, the longer someone lives, the greater their risk of...
Estate planning is a critical task for all adults. An estate plan serves as a formal set of instructions that provide guidance for your loved ones in the event of incapacitation or death. The main goal is dictating who is going to get what when you pass away, but a...
Powers of attorney are documents that grant a trusted individual the authority to act on behalf of someone else under specific circumstances. The agent or attorney-in-fact named in power of attorney documents can complete financial transactions in some cases or handle...
Losing someone is hard, and having to manage their estate can bring additional duties and challenges to this difficult time. Serving as a personal representative (sometimes called an executor) involves a variety of different tasks during the probate process. What must...
