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August 23, 2013 Posted In Asset Protection,Estate Planning,Medical Directives,Powers of Attorney,Wills
People in Colorado who are engaged in their estate planning might want to include provisions denoting how they want their estates handled if they become unable to make financial decisions themselves in their living wills. Because more and more Americans are living longer, it is more important than ever now for people to plan for…
read moreAugust 15, 2013 Posted In Creditors and Probate,Probate, Estate, & Trust Administration,Wills
Some Colorado residents may believe that writing a will is as simple as noting their wishes on a sheet of paper and signing their name, but wills are actually complex legal documents that require significant attention to detail. Once implemented, a will can guarantee that a testator’s children, debts, and possessions are taken care of…
read moreAugust 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…
read moreJuly 26, 2013 Posted In Estate Planning,Firm News,Wills
Colorado residents may want to consider one woman’s disinheritance story the next time they review their estate plans. The woman admitted that she and her father had always had a contentious relationship. However, she said they had long since reconnected and moved past their issues when he passed away in 2009. Considering the positive state…
read moreJuly 5, 2013 Posted In Estate Planning,Firm News,Wills
It becomes difficult to hear that Mom or Dad died but did not have time to do Estate Planning yet. Each time the loved one who has passed did not have to spend anything to put together a Will or Trust so they saved money. Now their spouse, kids or grand kids are paying the…
read moreJune 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…
read moreMay 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…
read moreMay 4, 2013 Posted In Estate Planning,Estate Taxes,Wills
By drafting a common document, namely an estate plan, families in Colorado can prevent major headaches when a loved one dies. A recent New York Times article discusses the fact that most families fall well below the financial threshold for paying an estate tax. Even for families that may not be considered wealthy, the article…
read moreApril 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…
read moreJanuary 30, 2013 Posted In Asset Protection,Estate Planning,Trusts,Wills
Colorado residents who make the wise decision to map out an estate plan are likely to find themselves juggling both paperwork and digital files. It is likely that the older people are, the more paper records of accounts they’ll have. Younger estate planners, meanwhile, may be wondering how to organize their computer files so that…
read moreNovember 14, 2012 Posted In Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration,Wills
A recent poll of randomly selected households across Colorado found that the majority of the state’s residents support some form of legal recognition of same-sex relationships, either through marriage or civil unions. Residents over 65 were less likely than younger Coloradans to support gay marriage, but almost half support civil unions. Voters under 34 were…
read moreSeptember 6, 2012 Posted In Firm News,Trust & Will Contests,Trust Disputes,Wills
One of the main reasons people create a will is to specify who should receive their financial assets and other belongings after they die. Among its many other purposes, a will takes the guesswork and emotional battles out of the process of dividing a person’s estate among surviving friends and family members. When you make…
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