Estate Planning

Creating a will is a crucial step when estate planning. It helps to ensure that your assets are distributed according to your wishes after your death. For residents of Colorado, there are specific considerations and legal requirements to be aware of. In Colorado, a...

Anyone who’s creating an estate plan generally needs to consider how to hand down their assets in a way that benefits their loved ones. For some, an estate plan includes a will, as well as trusts. A trust is a legal entity that holds assets and then passes them down...

Too often, people don’t include their pets in their estate plan because a relative or friend has promised they’ll take them in if they outlive their person. Others just assume a family member will take them. Anyone who works in an animal shelter or rescue organization...

A comprehensive estate plan can help to protect someone’s interests if they experience sudden medical challenges. It can also provide support for vulnerable family members. Those who invest in the creation of wills, trusts, powers of attorney designations and other...

Trusts are critical instruments in estate planning that serve distinct purposes and offer different benefits. Understanding the two primary types of trusts is crucial for effective estate management and ensuring that assets are distributed according to one's wishes....

Those who have family members with special needs have to think carefully about decisions that others may take for granted. For example, estate planning is often a very simple process for many adults in Colorado. They create an inventory of their resources and personal...

Many people know about the general importance of having an estate plan, yet many (understandably) don't understand the diverse elements that can potentially help an individual to construct one. When approached in a comprehensive fashion, an estate plan can serve as an...

Testators (those putting together estate plans) in Colorado frequently aim to keep things as simple as possible but that approach might leave them without adequate protection. Just having a will, for example, might mean that someone does not have the right support if...

In its simplest form, a Colorado estate plan might only contain a will, which serves to name a guardian for young children and to name beneficiaries for specific assets. When someone with a will dies, that document will likely determine what happens with their...

When an individual passes away without leaving behind a will, the legal term for this scenario is dying intestate. Dying intestate can result in numerous complications regarding how the deceased's assets and property get divided among surviving loved ones. A...