In Colorado and throughout the nation, those in their 50s feel younger and more vibrant than they did a few generations ago. This false sense of security causes many in their 50s to make financial decisions that could negatively impact them as they age. Those in their 50s should make attitudinal changes to ensure a…
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…
Estate planning is often associated with retirement, but getting affairs in order earlier in life can ensure that an individual is prepared for life’s uncertainties. Regardless of how much a person is worth, they should begin the process of estate planning as soon as possible. Especially for those with young children, setting a financial plan…
