One critical aspect of estate planning in Colorado is thoroughness. When a plan is incomplete, the components aren't likely to cover every important contingency. Writing a will ranks as one of the most important elements, but it may not be the essential document at a...
Estate Planning
Your healthcare planning checklist
Just as your estate plan gives you power to control how your assets will be distributed after you are gone, so too can you use it to stay in charge of your medical care if you ever become incapacitated or incompetent. With people in Colorado Springs and El Paso County...
Have You Checked Off These Items On Your Estate Planning Checklist?
Estate planning is an essential part of everyone’s lives. Regardless of your age or assets, you should think about drafting an estate plan for the future. Without one, your loved ones can be left in limbo and your wishes may not be honored. But how do you get started?...
What is the difference between a will and a trust?
Estate planning can seem very complicated, especially if you have never gone through estate planning before. Educating yourself about how to prepare for tomorrow is a significant step in securing your future. One of the most common issues that people are not familiar...
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...
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...
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...
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...