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Estate Planning Archives

4 reasons your will could cause problems for loved ones

Every adult should have a will as part of their estate plan. Unfortunately, creating a comprehensive will is not a priority for most people. Many people simply put it off or they assume that having a standard, generic will in place will suffice.

Irrevocable trust as an estate planning option

In addition to creating a will, many Colorado residents find that creating trusts may be in their best interests. The will does direct how the individual wishes his or her assets to be dispersed; however, a trust may provide increased benefits such as minimizing estate taxes and shielding assets from creditors. In some cases, adding an irrevocable trust as part of one's estate planning portfolio is desirable.

4 real ways to help parent manage virtual and digital assets

Elderly parents may not have as robust of an online presence as their children and grandchildren. However, that does not mean their digital and virtual lives are non-existent. Many people have email, social media, bank accounts and other digital assets, and managing these assets when they pass away can be crucial.

Addressing a family secret in an estate plan

Every family has their secrets. Years ago, the keepers of these secrets may have passed away without anyone ever learning about the private information. Today, however, it is easier than ever for families to uncover hidden stories thanks to technology like direct-to-consumer genetic testing.

Tips for talking to your parents about their estate plan

If you are like many people, you will see your parents and other relatives over the holidays, whether you visit them in a nursing home or invite them over for a family meal. While you may be focused on celebrating and catching up, however, you might also consider taking the opportunity to discuss an important topic: estate planning.

Estate planning is crucial for the LGBTQ community

Creating an estate plan is something that can benefit every adult. It provides clarity, direction and guidance, which can be enormously valuable during a very difficult time. That said, there are some people for whom estate planning is especially critical.

What you should know about fiduciary duties

Fiduciary duty is something people may not think about until they are in a stressful, upsetting position. Often, the subject arises after someone becomes very ill or passes away. Under these circumstances, it can be very difficult to know what to do, and perhaps more importantly, what not to do.

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    • ACTEC | The American College Of Trust And Estate Counsel
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