With newborns on the way, parents need estate planning in order to provide future security for themselves and their children. In Colorado, estate planning ensures that your children have a clear path toward a full life when you’re not around to help them. Planning...
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Year: 2021
The potential benefits of a revocable trust
If you are an adult living in Colorado, it may be in your best interest to create a revocable living trust. This is because it will allow you to protect important assets from being seized while still retaining control over them. As the document takes effect as soon as...
Tips for protecting your estate if you become incapacitated
If you own property in Colorado, it's generally a good idea to account for it in your estate plan. It isn't uncommon for items held inside your estate to pass to beneficiaries per the terms of a will. However, a won’t take effect until after you pass. Therefore, it...
The benefits of charitable trusts
Instead of leaving everything to their family members, many people in Colorado leave a portion of their estate to their favorite charity. Forming a charitable trust is a great way to support your favorite cause long after you're gone, and it also comes with a set of...
Does cryptocurrency need to go through probate?
Generally speaking, assets that remain in your Colorado estate upon your death are subject to probate. The same may be true for assets that were held outside of an estate but were unable to be distributed to a beneficiary. Therefore, if you owned cryptocurrency at the...
5 life changes when you should update your will
You pride yourself on planning ahead and taking care of important financial matters. You do your best to be ready for the road ahead, so you completed your estate plan years ago, shortly after your last child was born. Yet, life changes and you may want to change your...