When you get the news in no uncertain terms that your health is failing and you may not be here a year from now, you may feel that there is much left to do and much left to leave. You know the old adage "you can't take it with you when you go," but you have a lifetime...
If you have a debilitating illness that leaves little doubt about the end of your life and how it will be spent, you may be actively looking into your options and what your durable power of attorney can do once they are appointed. Your durable power of attorney is a...
When you agree to become a trustee, you are making a big commitment. There are repercussions if you do not fulfill the job requirements as laid out in the trust. Because, as a trustee, you risk being held personally liable to the beneficiaries of the will or trust in...
If you have assets that you wish to leave to your loved ones but have concerns about simply handing over a significant amount of wealth to someone who may not be ready for it, the solution may be a trust.Trusts fall into two primary categories, largely having to do...
If you have been newly appointed as the trustee of an estate, you have a fiduciary duty to uphold the grantor's wishes when it comes to distributions and investments. The Colorado Fiduciaries' Powers Act sets out more guidelines than just the terms of the trust and...
Growing old brings many realities to the table that you may have never considered in your younger, healthier days. Sometime after your first scare, whether it was a small fall that did major damage or a common cold that landed you in the hospital, you may now have...
For many of us, our home is our most valuable asset. And whether we anticipate our heirs will sell it or live in it, we likely have at least a basic desire for what should happen to it upon our death. There are a couple of options before you when it comes to leaving...
All parents, somewhere in their minds, recognize that they will not always be around to care for their child(ren). Many parents hope that by the time they are no longer around, their children will be sufficiently independent to care for themselves. Parents of children...
Most people realize the importance of planning for the future. We spend our lives working hard to provide for our family and accumulate assets. We plan for life events such as raising children, weddings, and ultimately our retirement. However, planning shouldn't end...
As much as we believe that being prepared is proper planning, it is difficult to plan for the rising cost of long-term care. And if we can't plan for it, how can we prepare for it? One great way to begin planning for the expenses related to long-term care is to use a...