Preparing for the future is no easy feat. In fact, it can sometimes be intimidating or even distressing to consider. However, it is important that Colorado residents and those elsewhere remember the importance of estate planning. Certainly, it can be difficult to...
Estate Planning And Probate
Is estate planning a New Year’s goal? Avoid DIY options
For many Colorado residents, a resolution for the New Year may be to finally get started on an estate plan. This is as good a time as any to start this journey, but it is important to keep in mind that while there are various paths to take, some are better than...
Make sure to include digital accounts when estate planning
Though much of what many Colorado residents do these days occurs online, most people do not really think about their online activities as their lives. Certainly, they have social media accounts they use regularly, participate in online banking, have email accounts and...
Making updates to estate plans can help avoid delays
Over the years, many details in a person’s life can change. As a result, when individuals create their estate plans and time goes by, it is important that those plans are reviewed periodically. In some cases, a life event can trigger the need for an update, such as...
Estate planning misconceptions parents may believe
Doing anything the right way involves having the right information. Unfortunately, numerous people in Colorado and across the country may believe certain details about estate planning that are not entirely true. Though getting started on a plan is definitely a step in...
When Should You Update Your Will?
If you have already created an estate plan – or even just a basic will – you are among the forward-thinking minority of Americans who have done so. Statistics show that just 40 percent of Americans have an estate plan in place. But creating one isn’t the only step in...
What are the three types of probate?
Probate is the process of the court finalizing your estate after your death. During this process, the court wraps up all of your affairs, including your debts, and ensures the validity of your will and other estate documents. At the end, your heirs receive whatever...
How can you ensure your special needs child has his or her needs taken care of?
Estate plans are always important to have. It is especially important when you have children to take care of. As a parent to a special needs child, you have to think about what he or she will do when you pass away. How will he or she have his or her needs met? Your...
Why do I need estate planning if I do not have kids?
Estate planning comes highly recommended for people with children, especially dependent children. Many financial planning websites, for instance, advise people that they only need life insurance if they have kids. Is this really true? There are many other instances...
What should you know about estate planning and probate?
In a nutshell, the term probate refers to the legal process of administering your property upon your death. It also refers to the process through which concerned parties resolve claims against your estate. If you die with a will, then testamentary probate proceedings...