Estate planning, while important, is something widely misunderstood by many adults. Estate planning is a crucial part of life planning, according to Forbes. The misconceptions about estate plans often lead people to procrastinate on said plans or to forego an estate...
Estate Planning
When does a will really become necessary?
If you are like many young, single and healthy individuals, creating a will may never have even crossed your mind. After all, wills are for the elderly and wealthy, right? Though the latter misconception is false, it is also untrue to assert that anyone over the age...
Why do you need a trust?
You may wonder why some people have a trust, and whether you should have a trust. There are lots of different kinds of trust. There could be a trust that is created through a will, a family trust that is created before you are even born, and there can be husband and...
Consider your children in post-divorce estate planning
A major life event, such as a divorce, is a good time to review and revise your estate plan if you already have one or to create one if you do not. At the Law Office of Bruce A. Danford, we know that you probably devote a lot of time and energy to providing for your...
5 estate planning mistakes you will want to avoid
Perhaps you are nearing retirement and are thinking about putting together an estate plan. On the other hand, you may have created a will years ago but have not thought about it since. No matter where you are in the process, here are five estate planning mistakes you...
How do I choose an executor?
Choosing your personal representative or executor for your estate in Colorado is something you should take your time with. You need to ensure that you choose someone who is responsible, trustworthy and willing to handle the job. If you do not pick the right person, it...
A living will protects your end-of-life wishes
Colorado residents should take advanced planning seriously. The creation of a comprehensive estate plan affords protections for heirs, successors, and perhaps the most important person: You. You may believe an estate plan only covers your wishes after you die, but...
Don’t leave your decisions to chance if you are incapacitated
You may not have thought about what life-prolonging procedures you want in case of a serious accident, or who will pay your rent if you are in a Colorado hospital and unable to take care of your own affairs. At The Law Firm of Bruce A. Danford, LLC, we often help...
How can you minimize problems with your estate during divorce?
Couples divorcing in Colorado have so many issues to sort through and things to split. While worrying about everything from child support and custody to splitting the house, it is easy to forget that the estate plan can be affected by the divorce. Forbes gives several...
How might you breach your fiduciary duties?
If someone named you in his or her last will and testament as executor of his or her Colorado estate and you accepted this responsibility, that makes you a fiduciary. As FindLaw explains, what this means is that throughout the estate’s probate process you must act in...