The good old pen and paper always seem reliable, especially when you want to keep important details to yourself. You might even have a handwritten will already written, tucked away somewhere. But is it legally valid in Colorado? What is a handwritten (holographic)...
Estate Planning
The hidden risks of DIY estate planning
You’ve worked hard to build a life you’re proud of. Naturally, you want to protect what you’ve earned and make things easier for your loved ones. If you live in Loveland or the surrounding area, you might have considered handling your estate planning by yourself....
For some beneficiaries, an inheritance can do more harm than good
Testators establishing estate plans often enjoy contemplating how an inheritance may benefit their loved ones. They might picture their grandchildren paying off their student loans or using their inheritance as a down payment for a home, for example. Many people...
Tactics for protecting a business when estate planning
Many people begin estate planning because they want to protect their loved ones. For others, concern about their resources could inspire them to create or adjust an estate plan. Those who have started, purchased or inherited a business or professional practice may...
The importance of adding powers of attorney to your estate plan
When creating an estate plan, most people focus on wills and trusts, assuming these are the only documents needed to secure their wishes. However, adding powers of attorney (POA) to your estate plan may be just as important, as they can offer protection for your...
When can estate taxes impact the value of an estate?
There are many financial details that people may need to consider when planning their estates. For example, those who have beneficiaries with special needs may need to take steps to help them maintain certain state benefits. A lump-sum inheritance could make an...
How intestate succession laws may fail those left behind
Some people justify their estate planning procrastination by pointing to intestate succession laws. There are state statutes that determine how the probate courts distribute property when an individual dies without a will. In theory, intestate succession laws help...
3 benefits of using a trust to structure a personal legacy
Personal values and family relationships can influence the type of legacy one person hopes to leave when they die. For some people, a simple will is all they really need to express their wishes. They may have only one or two beneficiaries and limited resources. For...
What are the witness requirements for Colorado wills?
Some people in Colorado can take control of their legacies with a simple will. They don't need an assortment of different documents as long as they have a valid will on record. Wills allow people to choose their own beneficiaries and outline what resources different...
Planning for the future: When to establish a special needs trust
If you’re a parent of a child with a significant disability, planning for their long-term care is likely one of your top priorities. Among your priorities should be helping to ensure their continued access to government benefits and supplementing their financial...