Northern Colorado Estate Planning And Business Law Blog
Mental illness, addiction may impact your estate planning
Any time you’re dealing with your estate plan, you need to think about your beneficiaries and what you’re leaving behind for them. If you have relatives or children with mental illnesses or addictions, then it’s vital to approach estate planning while discussing those...
Some things don’t go in a will
Drafting a will is always a smart idea. It serves many purposes, including designating where assets go, the guardian of young children and other vital details. There are, however, some crucial assets, details and arrangements that should not go into a will. These...
Estate planning can prepare adult children for their inheritance
Some with large estates worry that a large inheritance can hurt rather than help loved ones. People have different attitudes about money: should it be saved, spent or used for a purpose, such as supporting a non-profit or cause? With this in mind, parents can take...
Can I sue the home seller if they failed to disclose a defect?
Buying or selling a home is often the biggest business deal folks in Colorado are involved in. Considering the amount of money changing hands, the buyer and seller must do their research, fill out the paperwork and consult with experts if there are any questions or...
Passing a business to all the kids can be a mistake
Parents often take great pains to avoid the appearance of favoritism towards individual children. This can help prevent feelings of insecurity, resentment or other issues. But preventing the appearance of favoritism can be misguided if it involves dividing a family...
Estate planning for blended families
Parents who remarry embark upon a big new adventure. Ideally, they will have a wonderful and fruitful marriage with the kids mixing it up like the Brady Bunch. But while a new love and an expanded family are now a fact of life, it is smart for you and your spouse to...
Estate planning involves more than writing a will
Many assume that drafting a will covers all a family's estate planning needs. While a will is an integral part of the plan, experts recommend using additional estate planning tools. These can help better ensure that the estate is transferred smoothly and effectively...
How to hold title so that your home won’t pass through probate
Real estate holdings may represent the biggest individual assets that you have. The people that you love may have a significant interest in maintaining their ownership or residency in the home that you currently inhabit even after your death. Complications with your...
Ownership isn’t the only business concern during estate planning
Owning a business often means that you have to do more work than your peers who have employment arrangements with a company. It also means you will have special considerations when creating an estate plan that many other adults won't have to worry about. Most business...
What assets can you use to fund a trust for your estate plan?
Some people think of trusts as tools only used by the super-rich in order to keep their family members from wasting their inheritance or to avoid paying taxes. While there is no question that a trust can offer substantial benefits for wealthy individuals planning...
