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
Tag: estate planning
Protect Your Assets From the Coronavirus With These Four Estate Planning Documents
The Novel Coronavirus (COVID-19) outbreak has altered many areas of everyday life. The most obvious changes involve business closures and supply shortages. However, perhaps less obvious, is the affect this novel virus could have on the status of your estate plan. While your everyday life may seem precarious at the moment, taking extra precautions can … 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
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
When Inheriting Property, Consider Your Options
Inheriting property from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through all of your choices. There are three main options when you inherit property: move in, sell, or … Continue reading
Will Trump’s Immigration Policy Cause a Shortage of Caregivers for the Elderly?
As the population ages, the need for caregivers is growing, but the Trump administration’s immigration policies, whatever you may think of them, could have a negative impact on a caregiving industry that is already facing workforce shortages. The Supreme Court is currently considering President Trump’s decision to end the program that protected young undocumented immigrants … 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