Estate planning is not a hot topic for most people in Colorado. Despite how most people should have an estate plan, there are many who do not. Likewise, there are many who do not recognize the importance of estate planning. Forbes states that over half of American...
Estate Planning
What is a pet trust?
As a responsible pet owner and animal guardian, it is up to you to provide for your pet after you are gone. But how can you know that someone is caring for your pet as well as you would? A pet trust assures you that a trustworthy person is carrying out your wishes...
Which is better, a living trust or testamentary trust?
As you consider what estate planning tools you want to use, you may feel that you should create a trust. You can create and manage a revocable trust now and benefit from it while you are alive, as well as becoming a source of income for your beneficiaries after you...
Why is estate planning so important?
If you have not yet begun setting up your Colorado estate plan, you should seriously consider getting started. Why? Because even if you are a young person who has yet to accumulate a lot of wealth, having an estate plan is your only way of ensuring that your wishes...
Establishing a will and a trust can benefit new parents
Raising a family can be an incredibly rewarding time of your life, but with it comes a lot of responsibility. It is no longer just you and your spouse to worry about; you are responsible for other people and their futures, including if something were to unexpectedly...
The duties of a personal representative during probate
When creating an estate plan in Colorado, the person you charge with administering the will is critical. You should choose someone who can handle the demands of probate. Often, the personal representative of an estate was close to the deceased. This makes sense since...
What to know about charitable remainder trusts
People with a passion for a charity or a cause may want to leave a lot of money to that cause after they pass away. One way to give money to a charity is through a charitable remainder asset. Among the reasons Colorado residents create these trusts is because they...
What should you consider when choosing a guardian for your child?
It is not just elderly Colorado residents who can benefit from an estate plan and a will. An estate plan is just as important for every individual, especially if you have children. Death cannot be planned, and you want to make sure your kids are cared for if something...
Strategies to help you prioritize estate planning
Whether you have been thinking about planning your estate for some time or have just begun to explore your options for creating a plan for your future, your decision to get started right away can be fulfilling and rewarding. At Bradley Devitt Haws & Watkins, P.C.,...
Types of powers of attorney that you should consider
When you are planning your estate, you may be wondering whether establishing a power of attorney would be beneficial to you. Creating legal documents in order to name powers of attorney can take some time, and many people do not want to go through the effort if they...