We all want to protect our loved ones. When our family members are no longer able to care for themselves, be they grandparents, adults with special needs or children, their protection becomes a high priority. In Colorado, legal guardianships and conservatorships are in place for precisely these situations.
There are a couple of myths about estate plans that we want to address. The first is that the term "estate plan" can be a slight misnomer. Your estate is not contained to just one document that has "ESTATE PLAN" labeled on it. To the contrary, your estate is made up of numerous documents and entities, such as a will, some trusts, power of attorney designation and any guardianship or long term health care planning stipulations.