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Include Provisions for Aging in Estate Planning

August 23, 2013 Posted In Asset Protection,Estate Planning,Medical Directives,Powers of Attorney,Wills
by Colorado Estate Matters

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…

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Fastidiousness is Key To Writing a Will in Colorado

August 15, 2013 Posted In Creditors and Probate,Probate, Estate, & Trust Administration,Wills
by Colorado Estate Matters

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…

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Estate Planning Messes

August 6, 2013 Posted In Estate Planning,Trusts,Wills
by Colorado Estate Matters

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…

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A Disinheritance Can Cause Unexpected Issues

July 26, 2013 Posted In Estate Planning,Firm News,Wills
by Colorado Estate Matters

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…

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Living Trusts 101

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

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…

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Do Not Put Off Estate Planning

July 10, 2013 Posted In Estate Planning
by Colorado Estate Matters

Even though surveys say that the majority of Americans believe that estate planning is essential, the reality is that most people fail to plan. Unfortunately, this strategy leaves many estates up to chance. Dying intestate, or without a will, creates a tremendous amount of uncertainty. Instead of loved ones receiving the decedent’s money and heirlooms,…

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Waiting on an Estate Planning Will Not Cost You

July 5, 2013 Posted In Estate Planning,Firm News,Wills
by Colorado Estate Matters

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…

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Estate Planning Is A Basic NEED For Everyone

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

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…

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New Tax Rules Modify Effective Estate Planning

June 14, 2013 Posted In Estate Planning,Estate Taxes,Firm News
by Colorado Estate Matters

The changes to the United States tax laws in 2012 have ramifications on estate plans. Colorado residents should consider the consequences that the tax laws will have on their individual estate planning. The goal of estate planning is to preserve assets, and the tax implications of the new laws create estate planning concerns. The 2012…

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Estate Planning Basics

May 31, 2013 Posted In Estate Planning,Trusts,Wills
by Colorado Estate Matters

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…

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Estate Planning for Digital Assets

May 17, 2013 Posted In Asset Protection,Estate Planning
by Colorado Estate Matters

Residents of Colorado may have heard of pioneering legislation considered by the Pennsylvania legislature last year. House Bill 5580 would have allowed a person to access another person’s email or social media accounts with permission of the account holder. The bill was referred to the Judiciary Committee and no progress has been made on the…

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A Good Estate Plan Can Provide a Family With a Legal Safety Net

May 4, 2013 Posted In Estate Planning,Estate Taxes,Wills
by Colorado Estate Matters

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…

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