A key part of estate planning is deciding who will be your child's guardian if you pass away while that child is still a minor. Your peace of mind hinges on the knowledge that they'll be taken care of.Naturally, if you're married, you probably just assume that your...
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Will your estate plan cause discord among your family members?
Estate planning is a complex process that can involve many difficult decisions about both finances and future medical care. At the time you are drafting your plans, it is impossible to see into the future, but you would be wise to take care to consider how your...
Remember, you get your inheritance last
If a loved one passed away and you're in line for an inheritance, it's natural to wonder when you'll get it. In fact, that's one of the most common questions people have in this situation. You know that money is coming your way, but should you expect it in a few days...
4 key reasons you may need an advance directive
As part of your estate planning, you may want to set up an advance directive. It works along with the rest of your plan to make sure that you get the medical care you need as the end of your life approaches.Essentially, the advance directive is a list of your...
Do most people have a will?
It seems fairly clear to you that you're going to need a will eventually. It's inevitable. The same is true for everyone you know.That leads you to believe that most people must have planned for that inevitability. They must have wills and estate plans, right? Think...
Obtaining guardianship of your elderly parent
As your parents age, you begin worrying about their ability to make sound decisions regarding their daily life. You worry that their forgetfulness and naïve awareness places them in health or personal distress.In the state of Colorado, you have the ability to...
Sentimental value, estate planning and lasting disputes
When you hear about two heirs who get into a dispute over a will and have a life-long falling out after the fact, you probably assume that it's about money. You wonder why people let financial gain get in the way of their relationships with their siblings.The battle...
When is it better to have a trust instead of a will?
If you have finally made the decision to seek advice about making an estate plan, your family will likely thank you for your thoughtfulness. More than half of those in Colorado and across the country put off planning their estates until it is too late, leaving their...
How do you find the best guardian?
One of the key steps in planning for your family in the event of your passing is to choose a guardian for your children. This is usually done when they are minors or if they have special needs. Either way, you know that they need additional care. You love them, and...
4 tips for an estate planning conversation with your kids
Parents often neglect to talk about estate planning with their grown-up children, feeling that such a conversation will just make everyone uncomfortable. However, this can lead to a lot of issues down the line because children may have unrealistic expectations or...