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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...
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...
Estate planning is a multifaceted process, and not all of it is something you can accomplish on paper. Good estate planning usually involves a lot of heart-to-heart conversations with your loved ones about both your expectations and theirs for your estate – and that...
A trust is an estate planning tool that not enough people utilize. People often think of trusts as tools for the incredibly wealthy who want to provide regular income for children or grandchildren. While that is one goal individuals can achieve with a trust, trusts...
Many Colorado testators who write wills talk openly with their family members about their intentions. They leave the majority of their resources for their closest loved ones, including their spouses and children. There are no surprises when reviewing such a will after...
The average adult knows that estate planning is important, but they may view it as expensive or unpleasant, which could inspire them to procrastinate rather than engage in this effort. They may recognize that having a plan in place would give them peace of mind and...