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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...
Considerations when drafting an estate plan
If you are a new homeowner in Colorado, you may have already started thinking about creating a will to ensure your home is passed on in accordance with your wishes. Another option to consider is a living trust. With a living trust, you retain control over your assets...
How to create an estate plan
Creating an estate plan is important for adults in Colorado and around the country. While most people do not enjoy thinking about death, an estate plan can help people to protect themselves and their loved ones. While all adults can benefit from creating an estate...
As the new year rolls in, review your estate plan
The beginning of a new year is the perfect time to start thinking about the future. When you think about what your future may hold, you may realize that a lot of changes have taken place in the previous year that could greatly affect where your life goes. As a result,...
A trust may be a better option for a child with an addiction
If the opioid epidemic is any indication of the number of people who have substance abuse problems, then numerous families here in Colorado and across the country suffer from an addiction. If your child is one of them, then you may do what you can to help. Even if...
Estate planning can help avoid unnecessary complications
Many people acquire a considerable number of assets and people they love throughout their lifetimes. You and many other Colorado residents may cherish all the wonderful things that life has brought you, but you may also wonder what happens to those assets and loved...