Estate Planning

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...

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...

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...

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...