Having an estate plan is a smart step for everyone, regardless of income level or a person's wealth. Taking the time to outline what you want to happen to your personal property is prudent and smart, allowing you more control over what will happen to your assets and the health care you may need in the future. If you have not made an estate plan, it is in your interests to consider doing so.
Estate planning tactics after a divorce
When a Colorado resident gets divorced, he or she is going to want to review any estate planning documents that were put into place before the marriage ended. Doing so can make sure that a person and his or her former spouse's family are eliminated from the plan if necessary. Depending on the types of documents that are in place, an individual may need to review more than just a will.
How parents can help their children with estate planning
Some baby boomer parents in Colorado may be concerned about the estate planning failures of their children. In turn, their children may feel that they are simply struggling too much with debt and day-to-day issues to worry about it. One possible solution is for the parents to pay for their children's estate plan.
