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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…

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…

Spendthrift Trusts and Asset Protection

October 11, 2013 Posted In Asset Protection,Trust Administration,Trusts

While trusts are commonly regarded in Colorado and elsewhere as estate planning tools, they can also be useful as a way for people to protect their assets while they are still living. An asset protection trust, also known as a spendthrift trust, places assets into a living trust under which the trustor is also the…

Certain Documents Should Accompany Every Estate Plan

September 13, 2013 Posted In Asset Protection,Estate Planning,Estate Taxes,Medical Directives,Powers of Attorney,Trusts,Wills

Planning for one’s death is never pleasant; however, as many Colorado residents may already know, it is often a fact of life. This is especially true when there are numerous assets that must be given away as part of one’s estate. An authority on the subject in a recent piece provided some guidance on which…

Estate Planning Messes

August 6, 2013 Posted In Estate Planning,Trusts,Wills

If getting revenge on your kids is something you want to do then leave them an Estate Plan that is a mess. Have no will or trust or have several wills that conflict with each other. Tell one child they can have these items and then tell another child they can have some of the…

Living Trusts 101

July 19, 2013 Posted In Probate, Estate, & Trust Administration,Trust Administration,Trusts

Colorado individuals who are contemplating an estate plan may consider using trusts as part of the plan. Living trusts provide a variety of benefits to the person making them, allowing them to determine who gets the person’s property upon his or her death. Knowing about living trusts can help individuals in Colorado establish them and…

Estate Planning Is A Basic NEED For Everyone

June 28, 2013 Posted In Asset Protection,Estate Planning,Estate Taxes,Trusts,Wills

Some Colorado residents may have common misconceptions about what an estate is in legal terms and whether estate planning is necessary. Most people have estates, whether they know it or not: Even a child who inherited his or her grandmother’s heirloom ring or who has a savings account has an estate. If people own something…

Estate Planning Basics

May 31, 2013 Posted In Estate Planning,Trusts,Wills

Colorado residents who do not have estate planning documents set up are leaving decisions up to the state. Example, where their assets will go and who will take care of their children. Many people feel that estate planning is something only the rich need to worry about, but it is important for individuals of all…

Estate Planning is A Key Part Of Retirement

April 19, 2013 Posted In Estate Planning,Powers of Attorney,Trusts,Wills

Colorado residents expecting to retire in the next year should start planning for it. Retirement is something many individuals spend much of their lives looking forward to, but for people to be able to enjoy it, they should prepare accordingly. To ensure that retirement is relatively free of stress and that one’s future is taken…