Trusts can help your family avoid Colorado probate court after you pass away or become incapacitated. With a revocable living trust, you can designate which assets to pass along to specific beneficiaries. If you did not establish a trust, then Colorado probate court may determine how your descendants receive assets from your estate. While trusts … Continue reading
Category: Wills
You Should Take Care of Estate Planning During the Pandemic
The novel coronavirus continues to spread out of control in the United States and across the world. In the United States, at-risk communities have been hit especially hard. However, the novel coronavirus does not only pose a threat to the elderly and those with chronic health conditions, but also younger demographics. This is especially true … Continue reading
Have You Documented Your End-of-Life Wishes?
Our Attorneys Answer the Following Frequently Asked Questions About Creating an Advance Directive in Colorado Planning for the future is important. You may choose to create a will or trust to manage and protect your assets and property. However, estate planning is not solely about allocating your assets. You should also address your end-of-life wishes … Continue reading
Staying Home During the Coronavirus Outbreak? Time to Plan Your Estate!
State mandates and guidelines have many staying at home during the coronavirus outbreak. These regulations have shut down many local businesses and public areas. This means that most Colorado residents are finding themselves with spare time. One way to remain productive during this time is to take another look at your estate plan, or to … Continue reading
What Are the Best Asset Protection Strategies in Colorado?
Most people, not just the super wealthy, have assets that they would like to protect in the present moment. If you are one of them, then you should take advantage of the asset protection laws in Colorado. In many cases, asset protection strategies can help you protect your assets better than drafting a will. Yet, … Continue reading
What Are the Best Asset Protection Strategies in Colorado?
Most people, not just the super wealthy, have assets that they would like to protect in the present moment. If you are one of them, then you should take advantage of the asset protection laws in Colorado. In many cases, asset protection strategies can help you protect your assets better than drafting a will. Yet, … Continue reading
Asset Protection Tips You Can Use When Planning Your Estate
The majority of people spend their entire lives accumulating assets and property. They do so with the intention of leaving these assets and property behind to their loved ones. Unfortunately, without a solid estate plan, your assets may not go to your selected beneficiaries as you intended. Even worse, a simple lawsuit could threaten your … Continue reading
What To Do If You Are Appointed Guardian Of An Older Adult
Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one’s well-being and you have a duty to act in his or her best interest. If an adult becomes mentally incapacitated and is incapable of making responsible decisions, the court will appoint a substitute decision … Continue reading
Special Ownership For Married Couples: Tenancy By The Entirety
Married couples have a special way to jointly own property in some states that has advantages over regular joint ownership. If you are married and own property jointly, you should make sure you have the right form of ownership. Joint tenants must have equal ownership interests in the property. If one of the joint tenants … Continue reading
The 2020 Social Security Increase Will Be Smaller Than 2019’s
The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year’s change. The small rise has advocates questioning whether the government is using the proper method to calculate the cost of living for older Americans and those with disabilities. Cost-of-living increases are tied to the consumer price … Continue reading