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,...
Overcoming the complexity of estate planning
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...
What can I do to help my estate plan stay intact?
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....
What are designated beneficiary agreements?
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...
Three reasons to plan your estate in a blended family
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...
Special needs trusts can be an important part of estate plans
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...
Essential estate planning documents
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....
Estates may carry more in taxes under proposed tax change
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...
Steps to help a loved on navigate the estate planning process
After over a year of estate planning being a trending topic, we all know the importance of an estate plan. But, for those of us that have loved ones, like parents and older aunts and uncles, they may not similarly know. This is why many of our readers are looking for...
What is a power of attorney?
Making plans about one’s end of life estate can be complicated and difficult. Not all Colorado residents are familiar with the variety of legal tools that they can draft and execute to accomplish their testamentary plans. For this reason, many people choose to work...