When creating your estate plan, there are several crucial components. Among them are two categories: assets and people. In particular, the people in your estate plan hold a huge and important role. After all, you create your estate plan for the benefit of others. So...
The process of estate planning is often misunderstood. Reviewing some of the misconceptions can help you avoid mistakes when it is time to create your will, power of attorney and other important documents. These are the facts behind common myths about estate planning...
Probate is a time-consuming and often expensive process. If you are going through the process of estate planning, it is natural to want to help your heirs avoid this. Additionally, anything that goes through probate becomes part of public record. Many people wish to...
Your executor in Colorado has a number of responsibilities to make sure the distribution of your estate goes smoothly and according to your plan. When your executor feels your support, he or she may feel more confident and empowered. Knowing how to inform and empower...
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-...
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...
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...
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...
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...
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...
