Northern Colorado Estate Planning And Business Law Blog
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...
Children of all ages can benefit from a trust in your estate plan
Estate planning requires that you address the current conditions in your family while also considering how things could potentially change in the future. One of the ways that you could create a more flexible estate plan that offers the maximum potential protection to...
Is an employee contract needed in an at-will state like Colorado?
Some states have strict parameters for employment relationships, while others allow both workers and employers to terminate unemployment relationship for a wide range of reasons without legal consequence. Colorado is among those at-will employment states whose...
Who should be the executor or administrator of your estate?
When you sit down to create an estate plan or write out your last will, you will have to make a number of difficult decisions. Deciding who should get what from your estate is only the first of many difficult questions you need to answer when creating a last will or...
Have you planned to transfer business ownership in your estate?
Whether you are the third generation of your family running a business or you started it yourself, the company probably has significant financial and emotional value to you. It is common for business owners to have strong preferences about who will inherit the...
Biggest myths about wills
Writing a will can leave people asking many questions and oftentimes, they have no clear answer whatsoever. Over the years, society has instilled a series of ideas that people hold true about wills and it is important to see them as myths and not so much as facts. It...
Why intestacy can create challenges
For many people whose loved ones have passed away, their estate's disbursement can cause headaches. Yet, the process is usually straightforward enough so long as they have a clear will or trust. But you may have a loved one who died without an estate plan whatsoever....
Choosing a guardian for your child
One of the most important parts of your estate plan is caring for your minor children. It can be easy to assume that the closest family member will automatically become their guardian if both you and your spouse pass away, but in fact, others can petition for...
When to update your estate plan
Maybe you made an estate plan when your first child was born years ago, and you haven’t thought much about it since. Since then, your life has changed a lot. You have three more kids, started a new business and got divorced. While you may not have realized it, your...
