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...
Estate Planning
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...
Why people may need to review and update estate planning documents
Those who have created estate plans are already ahead of the average person. A large portion of the adults in the United States do not have any estate planning paperwork in place. They leave everything to chance and the opinions of the courts when they die. Those who...
3 retirement issues that people can address with estate planning
The years leading up to retirement are often when adults start thinking about their legacies. Even those who have never bothered with estate planning before may decide to draft documents when they know they may soon leave the workforce. The need to live on a fixed...
3 ways to address a business when estate planning in Colorado
A business could be someone's greatest source of pride, other than their loved ones. They may have dedicated years of their life toward the creation and expansion of a successful business enterprise. When such people start thinking about retirement or even what may...
Planning to leave an inheritance to young children
Trying to give children every advantage in life is the prerogative of most modern parents. They procure medical treatment for their children as necessary and enroll them in school. They probably dream of watching their children start careers or families in the future....
What must Colorado residents do to properly fund a trust?
Trusts are not as common as wills, but more people use them now than in years past. Many people now recognize that a trust can benefit those with unusual family circumstances, not just those with millions of dollars of personal property. Unless someone is already...
3 parties that don’t have rights if someone dies without a will
Putting together a will might seem frustrating or morbid. People can find countless reasons to delay or outright avoid the process. Some adults delay for so long that they die without any testamentary documents in place. Whatever assets they have in their name at that...
Unequal bequests are on the rise
People sometimes assume that bequests in an estate plan are going to be equal. If someone has multiple adult children as their closest direct heirs, for example, those children may all expect to get a similar inheritance. In most cases, this certainly is true, but...