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Estate Planning Archives

Estate planning wise after an Alzheimer's diagnosis

Having a loved one with Alzheimer's disease can be difficult. Though many people in Colorado and across the country receive this diagnosis, the progression of the disease and the way it affects each individual can differ. In any case, it is wise for families to consider their estate planning options after learning this news.

Durable powers of attorney allow individuals some control

Control is an essential element for many Colorado residents. They want to control their environment, their day-to-day activities and even their destiny. While it is not possible to have control over all future events, there are some areas you can. By planning ahead and appointing someone to hold durable powers of attorney, individuals can still maintain some control in case they become ill or incapacitated and are no longer able to make decisions for themselves.

Estate planning lessons learned from Aretha Franklin's estate

Once the dust settles and the family begins to accept the fact that their loved one  has died, the next step often is to begin the process of settling the estate. Hopefully, the Colorado resident left a will and other relevant estate planning documents in a readily accessable location. Unfortunately, this is not always the case, and the family must begin and extensive search for the important documents.

Individual desires and estate planning

There are some things that Colorado families simply do not talk about with those outside of the immediate family. For some, these things may include politics, religion and finances. For others, it may be the wayward child or long-lost relative. Regardless, when it comes to estate planning, some of these issues will need to be addressed when meeting with one's attorney.

Thinking of giving to charity in your estate plan? Ask yourself these questions

Whether you have an estate plan in place or are just beginning to think about how to distribute your assets, charitable giving has probably crossed your mind. Supporting a cause you believe in is, to be sure, a worthy endeavor. However, it's reasonable to be unsure of where to begin.

Advance medical directives, dementia and Alzheimer's

For some Colorado residents, the thought of developing dementia or Alzheimer's is a frightening possibility. Unfortunately, this can become a reality. Although there is currently no cure, there are steps that can be taken now to direct the treatment he or she wishes to receive after the ability to make such decisions has passed. Along with open, honest discussions with one's family and physicians, the use of advance medical directives can be beneficial to all involved.

Do you believe these estate planning myths?

A substantial amount of misinformation is floating around regarding a number of topics. While some myths and falsehoods, like which celebs may be getting divorced, may have no major bearing on Colorado residents' lives, some incorrect information could result in unnecessary difficulties for individuals or their families. For instance, there are certain misconceptions about estate planning that many people mistakenly believe.

One's estate planning needs may change over time

Life is full of changes. What was important to the Colorado resident in his or her 20s is probably very different from what is important as that individual ages. Families and finances change over time.  As a result, it is often necessary to make changes to your estate plan. 

Estate planning and digital accounts

In today's world, almost every household has one or more computers. These devices have made life simpler in many ways. For example, the Colorado resident can pay bills, make purchases and communicate with friends and family without leaving the comfort of the recliner. However, this change in lifestyle has also made estate planning more challenging in some ways.

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