As one ages, there are many decisions which must be made. Among these decisions, the Colorado resident needs to consider his or her health concerns, family dynamics, and assets. These issues provide the foundation for the various estate planning decisions that need to be addressed.
Planning for the future is a goal in many Colorado homes. Individuals invest in retirement accounts and purchase life insurance policies. Family homes are taken care of and investment accounts are managed. However, one area that is often overlooked is the need for estate planning.
The majority of Colorado residents make plans for their future. This often begins when they are younger and they plan for marriage and a family. Later, plans turn toward vacations and retirement. As these individuals age, the need for estate planning becomes apparent.
When it comes to end-of-life care, the Colorado resident has several options. The option chosen can be expressly stated as a part of one's estate planning documents. Or, one can simply hope that the ability to make personal decisions continues until the end of one's life.
Once the will is drafted, many Colorado individuals assume that they have adequately prepared for the future. While this important document does identify how assets are to be divided and who will take care of any minor children, it does not address one's wishes in the event that an illness or injury prevents the individual from making decisions for him or herself. For this reason, advance medical directives should also be drafted for each individual.
Maria Pila Abel is taking great lengths to prove that her father was a famous surrealist painter best known for The Persistence of Memory, a 1931 classic featuring melting clocks in a desert landscape. Born in 1956, she alleges that Salvador Dali and her mother – who worked for a family near Dali’s Cadaques, Spain, home – had an affair.
The elderly are besieged with scams as close as their front doors, particularly over the summer months. So-called window salespeople, alleged stockbrokers, and supposed in-home care “professionals” prey on older people. These unfriendly neighborhood con artists” offer “services” too good to be true.
One of the greatest benefits of estate planning for you and your loved ones is not only documenting your wishes, but also ensuring that your goals are carried out without additional heartache and financial burden. Effective estate planning allows you to not only provide you peace of mind, but also to those you select to receive your property without unnecessary delays.
Estate planning is considered an important step that is best taken sooner rather than later. However, when tax policies are in flux because of a new White House administration, important decisions are put on hold for all the right and all the wrong reasons.
U.S. Coast Guard veteran Albert Frost died on his 100th birthday, leaving behind a variety of assets and possessions. One in particular not only had sentimental value to Frost’s beneficiaries, but could also attract a pretty penny for collectors of such memorabilia.