Thorough estate planning means giving serious thought to how your assets will be distributed in your will. It’s your opportunity to have your final wishes fulfilled, as you see fit. To accomplish this goal, you may choose to include a no-contest clause, in hopes of...
Your potential need for long-term care may be greater than you ever expected. And the truth of the matter is that the costs associated with long-term care can be astronomical. Without proper estate planning, these expenses can erode the value of your estate,...
For many people in Colorado, taking that first step toward estate planning can be difficult. They see all of the various options that are available, and maybe they’ve done some research on their own, but they just don’t know where to start. For most of our readers,...
It is important to develop a plan to assure that your family is taken care of after your death and that someone can help manage your affairs and health if you ever become incapacitated. With assistance, you can develop an estate plan that meets these goals. Estate...
When we plan our estate, there are goals. Of course, it has our end-of-life wishes, but it also includes who we want to get what, along with many other issues, like guardianships. However, there are some pitfalls that we can encounter after we effectuate a plan....
Unmarried couples make life-long commitments to each other but often lack legal rights and protections. Since 2009, unmarried couples in Colorado could enter designated beneficiary agreements. Under these agreements, couples can affirm that they want each other to...
On its face, estate planning may seem like a relatively easy process. After all, you’re just specifying how you want your assets to be distributed upon your passing, right? While that certainly may be true to a great extent, the truth is that estate planning can be...
People generally want to make sure that their children are taken care of after they pass away and generally want them to receive their property. To ensure this happens people need to have a good estate plan, which may need to consist of more than just a Will. Some...
While it is true that estate planning has become a topic of interest as of late, many people get bogged down in the details or think it is just too much work. However, in practice, most people actually only need three or four documents for an effective estate plan....
Families who own homes and farms cannot elude taxes, only use tools to minimize them. One of the most effective means they employ to reduce their tax burden lies in the concept stepped-up basis. A proposal from the Biden Administration to eliminate this method of tax...