The last thing most people want to think about is death, and yet people don’t want to depart this earth leaving their loved ones to sort out their estates. Estate planning can be a little daunting for many Colorado residents, but it doesn’t have to be, especially when...
Answering the question: “Will you be my estate executor?”
It’s a question few people expect to hear since not many take the time to plan their estates in the first place. However, if someone you love trusts you enough to consider you for the role of executor of their estate, you may feel honored and a little overwhelmed,...
Estate planning: Being prepared for the unexpected
With what is happening in the world today, many people are thinking about planning for unforeseen events and that means pausing to think about end-of-life issues. Colorado residents would do well to have things in place should they become ill or even pass away and...
Estate planning: Keeping loved ones happy
The thought that loved ones may disagree on things when a family member has passed away is unbearable for some people. Having a conversation about estate planning also means talking about the end of life and that’s uncomfortable for many people. But that talk is...
The durable power of attorney for finance in estate planning
Most people believe that once they’ve completed the documents needed for an estate plan, that they can put the issue to bed. Some of those estate planning documents may need to be utilized before a person actually dies. Colorado residents should know that an estate...
Why is a succession plan important for family businesses?
In a family business, one of the most difficult challenges that CEOs face is choosing the successor CEO. A good successor will have the knowledge and experience in the industry deemed necessary to work as CEO. Likewise, you cannot understate his or her abilities as a...
Joint property does not replace a will
Joint ownership allows people to automatically pass home, securities and other property to their family because they are co-owners of those assets. But wills are still an essential part of estate planning because joint ownership does not cover all property and estate...
Avoiding probate and alternatives to probate
When drafting an estate plan, many thoughts and concerns enter one’s mind. As many Colorado residents will attest, avoiding probate is on the list of priorities when going through the estate planning process. It is considered an expensive process and could be a hassle...
Estate documents you should consider
Planning for death or incapacity is unpleasant but helps assure that your family members are looked after, and your wishes are carried out. Certain documents should be considered in your estate planning because these may assure your affairs are handled properly during...
The importance of estate planning
Many Colorado residents put off estate planning for one simple reason: they don’t know where to start. This is somewhat understandable, since there can be many different estate planning options depending on any given person’s financial and family situation. However,...
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