Thinking about what will happen to your assets in the future is a key part of securing that financial future. Estate planning allows you to determine how your property will be safeguarded, used and distributed. By organizing these details, you reduce the risk of legal...
Many Colorado residents create their estate plans before retirement, but others choose to wait a while. If you are past retirement age, it is especially important to make sure you have a comprehensive estate plan to address your medical wishes, as well as your...
Most of our readers in Colorado know that for their estate plans to be truly comprehensive those plans must include more than just a will. A variety of other documents will be needed as well, and power of attorney documents can play a key role in any estate plan....
You might breathe a sigh of relief when your estate plan is completed, and you should commend yourself for completing such a large task, but it’s important to recognize that the estate planning process is ongoing. In fact, if you don’t revisit your estate plan from...
If you have assets you would like to transfer to your children, grandchildren, or other loved ones after you pass away, you may consider creating a revocable trust to make the transfer process easier. A trust allows you as the grantor to place certain assets in the...
Part of setting up an estate plan in Colorado is choosing a personal representative, sometimes called an executor. This is a decision that should not be taken lightly. While a spouse or child is a natural and common choice, you should be sure whoever you choose has...
Now that weed is fully legal throughout the state, many novel issues have arisen. And, the shifting legal landscape of cannabis in Colorado poses unique challenges for estate planning. From personal possession to business ownership, integrating cannabis into your...
The estate planning process probably has a reputation for being one of those types of tasks that can become confusing in a hurry. In some cases, that is true. And, in fact, this is one of the reasons why many people put off the entire estate planning process...
Facing a divorce in Colorado prompts not only emotional adjustments, but also requires careful consideration of your estate plan. After all, you would not want your ex-spouse inheriting your assets or making decisions on your behalf if you become incapacitated. How...
Transferring real estate to your Trust is an easy process if you know the correct steps to take. This blog is one of three on this process. Transferring real estate typically requires signing a deed to transfer your interest in the property to the Trust and then...