Growing up, you might have thought that your parents had all of the answers to life. Now that your parents are in or near retirement, you might have realized that they overlooked a key part of being responsible adults -- creating an estate plan. They are far from...
Estate Planning And Probate
Estate planning for entrepreneurs has special considerations
Business owners and entrepreneurs in Colorado and elsewhere typically have unique needs when it comes to estate planning. If a business owner passes away without having plans in place, it can cause major problems for shareholders, partners and others with a vested...
Don’t make these estate planning mistakes
Creating an estate plan can take quite a bit of time and effort. All of that time and effort can be for not, though, if any mistakes are made that can cause significant problems when it comes time to put the plan in action. What are some of the most common mistakes...
When to revisit estate planning
Whether thinking ahead about where to attend college, what career path to pursue or retirement, planning for the future can be quite the task. This is especially true when it comes to planning for after one’s death. However, estate planning is not something that you...
Could estate planning keep your assets where you want them?
The money and other assets that Colorado residents accumulate throughout their lives can have various feelings attached to them. Some people may simply see money as a way to meet their needs, and others may see their assets as a symbol of what they have accomplished....
Estate planning offers benefits to the individual and family
Without an estate plan, any Colorado resident’s final affairs could be left up to chance. Those affairs can relate to more than just how a person’s remaining property will be divided, and in fact, estate planning could help individuals plan for events that could occur...
4 questions that highlight the importance of an estate plan
A simple reason that many people in Colorado and elsewhere do not follow through with estate planning is that they do not have many assets. They believe that they do not need an estate plan because their families can distribute their few assets as needed without...
Executors, remember to address estate debt during probate
Accruing debt is a typical part of life for most Colorado residents. While it does not necessarily mean that a person is bad with finances, it could mean that a person has unpaid balances at the time of his or her passing. Because this is a likely outcome, the...
Is estate planning early the right course of action?
Many people have a desire to get things right. In many cases, doing the right thing may seem obvious or easy, but in others, it may not be simple to determine whether taking a certain action will be the best course. For example, some people may wonder whether estate...
Should you use a will, trust or both when estate planning?
Many people in Colorado and elsewhere shy away from activities that they perceive as being difficult. For some, creating an estate plan may seem like something that will take too much time and effort to get right, and as a result, they choose not to plan. However,...