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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...
Adult guardianships exist for a reason. Not everyone is capable of properly managing their affairs and meeting their own needs after they turn 18. Young adults with special needs and those with debilitating medical issues may need the assistance of another adult....
A guardian is a responsible adult with the legal authority to care for a vulnerable person. Parents are the most common and best-known guardians. They have numerous obligations to their children until they become adults themselves. When parents die prematurely, they...
For many people, estate planning is synonymous with creating a will. They view an estate plan as a way to establish a personal legacy or to provide resources for their children or other dependents. Estate planning is certainly about the importance of planning for...
Creating and funding a trust can benefit people in a variety of scenarios. Older adults preparing for retirement can use trusts to protect certain assets. Those with vulnerable family members may rely on trusts as a way to leave them an inheritance without putting...
Some people agree to serve as the personal representative of an estate when a loved one asks. Individuals planning their estates often turn to people whom they trust and respect to carry out their last wishes after they die. Other times, an individual may suddenly...
Creating a will is an important estate planning move that can protect an individual and their family members in the future. They can name beneficiaries, clarify what each person inherits and even name a guardian for their children. However, a will might only be a...
Probate is the legal process that happens after a person passes away. A court of law oversees the distribution of that person's assets after they die. While there is a place for probate in society and certainly a need for it in certain circumstances, many clients who...