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...
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...
