Colorado Estate Matters Blog: Estate Planning Tips and Insights

Six Mistakes to Avoid When Developing a Power of Attorney (Pt. 1)

July 5, 2014 Posted In Estate Planning,Powers of Attorney

Powers of attorney are essential components of any comprehensive estate plan, as they provide specific plans for what should be done in the event that person becomes incapacitated in the future. While powers of attorney can be tailored to a person’s specific needs and wishes, they can range from being very limited in their powers…

Estate Planning Documents That Many Can Use

April 25, 2014 Posted In Estate Planning,Powers of Attorney,Wills

Colorado individuals may exercise more control over their assets and other arrangements when they take a proactive step by establishing an estate plan. This often consists of several documents that work together to provide greater control over the person’s estate, finances and health. Estate planning commonly starts with a last will and testament. This document…

Leaving The Colorado Family Fortune Well-Attended

April 10, 2014 Posted In Asset Protection,Trust Administration

As wealth increases for families in Colorado, caring for loved ones becomes an inevitable concern when it comes to passing on the family fortune. Trust administration is one way to ensure assets are left to beneficiaries in a productive and manageable way. The temptations of wealth have proven to get the best of most people…

Estate Planning Critical for Passing Assets to Loved Ones

March 24, 2014 Posted In Estate Planning,Trusts,Wills

Residents of Colorado can arrange for the distribution of their assets after death by taking a few critical estate planning steps. Estate planning is the process of determining how each asset will be distributed after one’s death and to whom those assets will be distributed. Experts say the planning process is extremely important, especially if…

Important Aspects of Estate Planning to Keep in Mind

March 13, 2014 Posted In Estate Planning,Trusts,Wills

Colorado residents who are contemplating an estate plan may be interested in an article on CNBC that examines some key points of the process. Addressing these issues may help ease any burden on the family after the passing of a loved one. Having a will can make the process of dealing with an estate much…

Common Mistakes Made in Wills

February 28, 2014 Posted In Creditors and Probate,Estate Planning,Powers of Attorney,Probate, Estate, & Trust Administration,Wills

When creating an estate plan in Colorado, creating a will is usually one of the first things to be done. It’s usually meant to preserve the peace of mind of family members and loved ones, but if not drawn up properly, it can become more hurtful than helpful. There are a few common mistakes that…

Planning Tips from Paul Walker’s Estate

February 13, 2014 Posted In Creditors and Probate,Estate Planning,Probate, Estate, & Trust Administration,Trusts,Wills

Entertainment fans in Colorado were surprised when movie star Paul Walker was killed in a car accident on Nov. 30, 2013, at the age of 40. While he left a will that provides for his daughter, people can learn some important lessons regarding estate planning from his example. His assets of about $25 million were…

Estate Planning Concern Over Tax Penalties Eased by Portability

January 31, 2014 Posted In Estate Planning,Estate Taxes,Probate, Estate, & Trust Administration,Trusts,Wills

Many families in Colorado may not fall into the mega-rich category of the 1 percent. However, it is not just the ultra-wealthy who have estate planning tools at their disposal to protect their assets. In fact, wealth-protection professionals taking part in the 2014 Heckerling Institute on Estate Planning in Orlando focused on portability becoming a…

Leaving Money to Disabled Individuals

January 7, 2014 Posted In Estate Planning,Probate, Estate, & Trust Administration,Trust Administration,Trusts,Wills

If someone living in Colorado has a family member with special needs or a disability, they may want to leave assets for them that can help cover the cost of their care. It is actually a bad idea in some cases to leave these individuals money or property in a will, as it can put…

2014 Goals and Estate Planning

January 2, 2014 Posted In Estate Planning,Firm News

2014 is here and many people are setting their goals, resolutions and to do lists for the year. For some the standard things are topping their list: weight loss, better job, and more time with the family are a few of the ones we hear the most. Perhaps you should consider a goal that will…

Keeping Estate Planning Current

December 19, 2013 Posted In Asset Protection,Estate Planning,Wills

Wills are not the only estate planning documents used in Colorado that provide for a transfer of assets after the death of the owner. Many types of accounts include beneficiary designations that will govern the disposition of the property in those accounts, even where contrary provisions are made in the will. This would include bank…

Updating Estate Planning Documents After a Divorce

December 11, 2013 Posted In Estate Planning,Wills

Once a divorce is final, both parties are likely to want to move along and think about things other than the endless paperwork that was involved in the process. However, it is important to take the time to deal with estate planning concerns that may result from a newly single status. One of the first…