Death is not a popular subject for conversation. Most of us are uncomfortable thinking about death, let alone our own death or the death of the ones we love. But there is no avoiding the inevitable. Instead of avoiding questions about end-of-life care, you should take...
Estate Planning
Why use a disinheritance clause?
Clearly, the main reason to use a disinheritance clause when doing your estate planning is because you want to cut someone out of your estate plan. You don't want to leave them any of your assets. This person otherwise would have expected to get something – maybe they...
3 times it may be wise to get outside fiduciary services
Fiduciary services can be necessary in a wide range of situations. For estate planning purposes, you may need them when you cannot or do not wish to manage your finances. People who act as fiduciaries may be personal representatives, trustees and others. Before you...
Situations where power of attorney can be necessary
No one can predict the future, but we can plan for it. For instance, we don’t know if we’ll get in an accident or sick in the coming months or years, but we can put vital protections in place that direct others on what to do if we are incapacitated. One protection is...
Yes, it could be time to update your estate plan
Creating an estate plan is a crucial thing to check off your to-do list. However, that does not mean your planning is complete for all time. Updating your estate plan periodically is crucial to ensuring your documents align with your wishes as circumstances change. If...
4 goals you can accomplish by establishing a trust
Trusts can be a highly valuable component of an estate plan that you might be overlooking. Too often, people focus solely on their will. And while a will is undoubtedly critical, there are several benefits to reinforcing your estate plan with trusts. Preserving...
What happens to your pet if you get sick or pass away?
Pets are beloved companions to many seniors across Colorado. But what happens to a feathered or furry friend when their owner can no longer take care of them? That decision will depend on the plans a person did or did not make in their care and estate plans....
Are younger adults better at planning for the future?
Every adult should know the value of estate planning. However, not everyone makes a plan, either because they don't know what to do or they think they don't need one. And common misconceptions about not needing an estate plan until you're older or sick keep people...
Is your will going to protect your wishes?
When you are ready to make a will, you should feel confident that it reflects your wishes and will be enforceable. Unfortunately, too many people think they have this type of will, but issues arise after their death, and loved ones wind up fighting each other or the...
What are the different powers of attorney?
Authorizing someone to make decisionson your behalf if you become incapacitated or pass away is a crucial component of an estate plan. When you give someone these responsibilities, you can prevent confusion and conflicts during tumultuous times. When creating an...
