During the recently completed session, the Colorado General Assembly created a new estate planning tool. It will allow you to designate a beneficiary who will receive title to your vehicle when you pass away. The measure, known as House Bill 16-1051, received...
While we do not usually cover celebrity issues on this blog, the news that Prince died without a will or estate plan in place was a shock. But it comes with a lesson. Now, right now is the time to move estate planning from the back burner onto a “to do”...
The answer has been yes for many Americans who are still in the prime of their lives. All that it takes is one medical event or a car accident. Not having the proper plan in place could lead to years without a voice.The New York Times recently reported on numerous...
Music fans here in Colorado and around the world were shocked by the news that musical artist Prince died recently. What may be even more shocking is that the man who went to such lengths to control his music died without a will. This fact could make the estate...
The death of music legend Prince has highlighted the problems created when a person dies without a will. What some media sources in Colorado and elsewhere are failing to recognize is that it is also imperative to have estate-planning documents (powers of attorney and...
Many Colorado families have aging family members, adult children who have a disability or a spouse with a disability. Individuals want to ensure that their loved ones are cared for after their deaths, but they also want to be sure that these special needs family...
No one can predict when a serious illness or injury will strike. A neighbor had a heart attack at 40 - she was fortunate to recognize the symptoms and get help. Another neighbor who just celebrated his 80th birthday is still recovering from a debilitating stroke. Look...
In the last couple of months, we have touched on a lot of topics pertaining to trusts. Today, we want to talk about one specific type of trust that can benefit many families: a special needs trust, or supplemental needs trust. If your child has a disability, planning...
In its simplest form, estate planning is all about your family. The plan is to draw up conclusive and definitive rules that dictate how all of the assets you have accumulated over your life will be passed on to your family members and loved ones. It's so simple! But,...
If you have a trust involved with your estate plan, it is likely that you have utilized a revocable trust. When you create a revocable trust when you are alive, it is called a "living trust." This type of trust is a tremendous tool that can help protect your estate...
