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Creating an estate plan might sound complicated, but it is an essential step for securing the future of your loved ones. However, many people make common mistakes that can undermine the effectiveness of their estate plans. Some of these mistakes can cost them and...
It can be easy to be confused or intimidated by the estate planning process. There are many options to consider and no two estate plans will be the same. In fact, some people probably put off the important task of having a comprehensive estate plan drafted because...
Estate planning can be complicated when you own a construction business. But those matters can become even more complex when you’re in a blended family, as you’ll probably want to find a way to provide for both your spouse and your children from another relationship....
When setting up a trust, one may wonder if the beneficiary of that trust will have to pay taxes on any distribution from said trust. The answer is yes, distributions from a trust are taxed. Your next question might be how are distributions taxed? Well, it depends....
Wills and trusts are often talked about interchangeably; however, there are key differences between the two that it is helpful to understand. Will vs. Trust In Colorado, wills and trusts are both estate planning tools used to distribute assets after a person passes...
In December of 2016, Colorado enacted The End-of-Life Options Act, known to some as the Death with Dignity law. The End-of-Life Options Act (the “Act”) enables terminally ill individuals the right to use prescribed medication to end their lives. Although many...
Estate planning can seem like an immense task for many people. There are many decisions to make and many options to consider. That’s why, for some Colorado residents, once they get their estate plan drafted and signed, they may not think about it again. However, most...
Happy New Year! 2023 has arrived – have you made your New Year’s resolutions yet? Maybe you are planning on finally joining a gym, training for a marathon (but just a 5k to start), or maybe your plan is to just stay healthy this year. Whatever your resolutions may...
People in Colorado may want to have a will and know that they should have one before they die. However, for several different reasons sometimes it does not happen. People generally do not like to think about passing away and wills force people to do that. While it is...
Being prepared for every eventuality is imperative for Colorado residents with a business, a family and concerns about the future. This is when it is useful to think about estate planning. Most will equate this with a will or a trust, but there are other aspects that...