Usually, it is only required when there are serious disagreements, liability issues or litigation. In your will, making a wise decision about who to name as personal representative may avoid the issue altogether. It is truly one of the benefits of a will, you get to...
Opening a joint account with one child could result in unintended issues. It might even provide a larger inheritance to one child after you sought to provide roughly equal gifts to your children in your will.Your parents may be aging and looking for some help managing...
Almost as soon as a younger sibling arrives, so does rivalry for parent attention. As the children grow up, it is amazing to see how early these rivalries turn into “hitting” and “no, thank yous.” As children grow up together these behaviors...
Since same-sex marriage became legal in Colorado in October 2014, it may seem that legal matters related to the marital relationship like those concerning property, inheritance, children, medical decision making, visitation in hospitals and other similar issues are...
Life insurance plays a vital role in many estate plans. It provides salary replacement for a family if a heart attack or tragic car accident takes the life of a breadwinner. These policies may also be a part of a business or ranch/farm succession plan. Generally, life...
When is the right to time do business continuity planning if you are a sole owner or have a family business you would like to eventually hand off to children? It’s right now. Here is a story that illustrates the importance of starting the process right away. A...
Approximately 44.2 million Americans are paying off student loan debt and it is hanging around longer than ever. Whether it will survive you will depend on the type of student loan. Did you cosign on student loans for a child or grandchild, return to earn another...
A caregiver or child who lives closest to an elderly parent may exert influence in an effort to get a larger inheritance. It's a problem when pressure - whether overpersuasion, coercion or manipulation - leads to a change in the terms of a will that favors the...
Medicaid provides health care insurance for 4.6 million seniors across the country, including long-term care costs. Most of these seniors also receive some medical benefits from joint enrollment in Medicare.Sorting out eligibility for these programs can be...
We regularly represent and advise people who have been appointed by the court to be personal representatives responsible for the administration of estates of people who have died. One scenario in this context arises when someone who is not domiciled here in Colorado...
