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Powers of attorney are among the most useful estate planning documents. They take effect when people experience incapacitation. Financial powers of attorney grant an agent or attorney-in-fact authority to access resources, manage a small business and pay an...
Drafting a will puts the average adult ahead of the curve. Quite a few people do not have any estate planning documents in place. However, stopping with just a will may not be the best decision. Wills are better than nothing, but they only take effect when the...
Same-sex couples in Colorado have many of the same rights and legal protections as any other couples. However, the one area in which their marriages differ from heterosexual relationships is the inability to share biological children. Same-sex couples sometimes use...
Creating an estate plan is important for everyone, regardless of family circumstances. Yet, some estate plans are certainly more straightforward than others due to one’s family situation. If you don’t have close loved ones—such as children, a spouse or nearby...
Quite a few adults do not have wills. Those who have drafted wills generally expect their loved ones and the probate courts to uphold their wishes. Most of the time, testamentary instruments play a key role during estate administration. However, there are scenarios in...
People often understand that wills protect them and their loved ones. However, it is still relatively common for people to procrastinate about creating estate plans. Recent research indicates that roughly two-thirds of adults in the United States do not have even a...
Establishing a will is a smart move for many people. Young professionals leaving home for the first time, people buying homes and parents growing their families may decide that it is time to draft testamentary instruments. A will is a simple and effective legal...
An executor or personal representative accepts a lot of work, often for minimal compensation. They often take on their role primarily out of respect for the deceased individual or a desire to support their family members. However, not everyone who serves as a...
As parents age, it’s natural for adult children to become concerned about their well-being. When an aging parent begins to struggle with managing their finances or personal care, guardianship might be suggested as a solution. Guardianship is a serious legal...
Estate planning in Colorado is not just about what happens when someone dies. An estate plan can also address what happens when an individual has a significant medical emergency. Adults in Colorado can draft advance directives at the same time that they can establish...