An important component of any estate plan in Colorado is a strategy to account for the potential for estate taxes. Most people may view such an expense as inevitable, yet that is not the case. Per the Colorado General Assembly, the state has not collected estate taxes...
Month: December 2020
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What are the two main types of living trust?
Most adult Americans are familiar with the concept of a will. However, many people have no idea of the benefits associated with living trusts. While a will can do many things, there are some limitations. For this reason, many estate planners elect to have both wills...
4 times you should update your will
If you are like many Americans, you may not have taken the time to create a will yet. According to a survey released by Caring.com, only 4 out of every 10 people in the U.S. has a will or a living trust. A will lets you name a guardian for any of your minor children,...