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Estate planning components you should consider
All adults need to take the time to create an estate plan, but some are uncertain of where to start. Before you try to get your affairs in order, you need at least a basic understanding of what an estate plan can do and the tools you have available to make them...
When can you remove a trustee from a trust?
When your loved one named a trustee to manage the assets in the trust that was designed to benefit you, they picked someone they believed was both honorable and capable of doing the job. Were their hopes misplaced? It happens. Sometimes, for example, a family member...
What is the effect of claims of undue influence in probate court?
For many families, the reading of someone's will is merely a technicality. The family is already familiar with the wishes of the recently deceased individual. The documents that they leave behind when they die align appropriately with the wishes they had previously...
As the executor of an estate, where do you start?
You’ve been named as the executor of a loved one’s estate, and you’re honored to be trusted with the role – but you aren’t quite sure where you’re supposed to start. With relatives clamoring for your attention and eager to gain access to family heirlooms, priceless...
Dealing with out-of-state property in your Colorado estate plan
One of the primary goals for people when they create their estate plan is preventing their estate from having to go through a lengthy probate process. A number of estate planning tools and strategies can allow your assets to pass fairly seamlessly to loved ones and...
Yes, you should talk to your adult children about your estate
As a parent, you may not be sure if you want to inform your adult children about your estate. On one hand, you may feel like you want to explain your decisions to them. On the other, you may want to keep your plans quiet, because you might not want to have to have...
You may want to put your passwords in your estate plan
Imagine that you passed away today. You know all of your passwords and login information for bank accounts, social media, storage devices, investment portfolios, insurance policies and much more. Or, you at least know where you have written out these passwords so that...
Make estate planning simple with these 3 steps
When you start to get older, you may realize that you need an estate plan. To begin with, your estate plan may be able to be minimal, containing just a will or trust and powers of attorney. You might also opt to have an extensive estate plan that goes into great...
Parents who plan their estates
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...
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...