While educating yourself on estate law in Colorado to help your aging parents with estate planning, you learn about conservatorship and guardianship. Do you understand how the two relate to estate planning and administration? The Motley Fool breaks down the financial-...
Year: 2021
Encouraging unity in your family after you die
As with any family in Colorado, your family probably has its fair share of disagreements and conflicting opinions. Because this is perfectly normal, addressing everyone's concerns as part of your estate planning efforts can help you prevent familial discord after your...
Understanding the probate process
When a loved one or dear friend dies, not only is it an emotional time, but it may also be confusing as to how to administer the estate. Probate is the legal process to distribute the decedent’s property and other assets. In Colorado, probate can range from simple to...
How does a divorce affect your estate plan?
If you have already written a comprehensive estate plan, you are probably doing better than your neighbors. After all, a recent survey found that as many as 6 out of every 10 Americans do not have even a basic will. It is usually a good idea to review your estate plan...
How should you include your special needs child into your estate plan?
Most parents consider how they will include their children in the estate plan. If you are the parent of a special needs child, it is even more important to plan for your child’s future. Sometimes, Medicaid or Supplemental Security Income benefits do not cover a...
What is POA abuse?
According to the Consumer Financial Protection Bureau, a power of attorney is a document that permits another person to act on your behalf. If you can no longer make decisions for yourself, you can choose someone that you trust to make financial decisions. A power of...