Colorado Springs Estate Planning And Probate Blog
Trusts can provide for those with special needs
Providing for your family isn’t an easy proposition, and it can be hard to predict every turn in the road. Seeing down the path to help a loved one with special needs can seem especially daunting, but there are ways to plan for all the curves. People with Down...
Estate and inheritance tax differences
You have taken steps to protect your estate long after you're gone, or you are considering beginning the process of estate planning. No matter your situation, estate planning offers options for everybody. What about the intricacies of estate planning, like the taxes...
Understanding the different types of advance medical directives
Many Coloradans planning for the future gravitate toward finances. They rightfully want to ensure their loved ones are properly supported and their legacy protected. This is only one piece of proper estate planning, however. You also need to consider your health, and...
Incoming challenges require preparation in probate court
When you lose a loved one, you want to carry out their final wishes and lay their memory to rest as soon as possible. Unfortunately, any challenges to the will can lengthen this already difficult process. Colorado is seeing a dramatic increase in the probate filings...
Estate planning myths that need to be busted
Estate planning is already confusing and worrisome for a wealth of Americans. They shouldn't be worried or confused that they don't have enough wealth to form an estate plan. That’s one myth that needs some clarification. Other myths that will be busted below, are...
Special needs trusts offer peace of mind and much more
If you’re a parent or legal guardian of someone with special needs, you probably do your share of worrying. Aside from concerns about what might happen to them, there’s always what can happen to you and what could happen next.The Colorado and federal legal...
What is a financial power of attorney?
An estate plan is a set of testamentary documents that provides instructions to survivors about how the decedent wished to distribute the property and assets in their estate. Colorado residents of all backgrounds and walks of life should have estate plans to ensure...
Does every will have to be written?
People in Colorado may have executed a written will that meets all the necessary legal formalities, including being witnessed and signed by the appropriate number of individuals. However, not everyone takes this essential step. Sometimes, a person hand-writes a will...
Three holographic wills uncovered in late music legend’s home
Music fans in Colorado Springs may remember the death of music legend Aretha Franklin last August. At the time of her death, it seemed that Franklin passed away without executing a will. However, three holographic wills were recently uncovered in her home. These wills...
What can revocable trusts do in Colorado?
Many people in Colorado include a revocable trust in their estate plan. Revocable trusts can be useful in estate planning, since they provide a means for preserving a person's assets to hand down to trust beneficiaries upon the grantor's death. Moreover, unlike...
