One way to provide for your heirs is to buy a life insurance policy. You will leave them all sorts of other assets as well, but the life insurance is money you know they’re going to get at a time when they need it. In this sense, it is part of the assets you are...
Once you become a parent, you are officially responsible for your child's life. You need to feed them, make sure they receive adequate health care and help them learn about the world. Most parents will enjoy years of involvement with their children, but some parents...
When you live in one state and set up your estate plan there, you have to remember that what you’ve done is protected by that state’s laws. If those laws change or you move to a new place, you need to update your estate plan to make sure that you’re protected. After...
Starting your own company is often one step to achieving a bigger dream for you and your family. Building a business can be a legacy that you pass down to your children for their future and beyond. When you started, you may have considered that your children might not...
When it comes time to move on from your business, especially when it's a business you're determined to keep in your family, you have many choices to make. Many of these decisions are covered in the succession planning process, but the most important piece of that is...
Building a business can be an exciting venture for you and your family. While the company may start as your personal goal, your family can be a significant part of making your idea a success. Some family members are better candidates than others for taking over the...
There are many kinds of trusts that you may want to consider as you begin estate planning, but there are a couple that are more commonly used than others. These include: · Charitable trusts · Life insurance trusts · Irrevocable trusts These trusts...
A last will or estate plan is a tool that lets someone control who receives their property when they die. An individual creating a last will can get as creative as they want with how they distribute their property, as long as they abide by state law and have enough...
A will is a legal document that helps you distribute your assets following your death. A will allows you to give direction to those you’ve left behind and state your wishes. Most people need a will. If you’re over the age of 18, then you should already have one. Some...
When you pass away without a will, it’s called dying intestate. When you die in this way, the state laws kick in and determine how your estate is handled. The intestacy succession laws in Colorado may not be what you expect, and they could negatively impact the...
