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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...