Most people in Colorado likely do not look forward to engaging in the estate planning process. Even still, many also assume that all local residents who pass on leave behind a will dictating the dispersal of their assets. Yet that is not the case. Indeed, according to...
3 estate planning steps to take as a new parent
Part of the joy of adding a new baby to the family is thinking about everything you intend to share with your child in the future. However, as difficult as it may be, you also have to think about and plan for a future in which you are not present in your child's life....
Planning for estate taxes
As Colorado residents get deeper into the estate planning process, they begin to notice those opportunities to minimize expenses that might face their estate upon their death. These include creating plans to settle liabilities and avoid the probate process. Many,...
What coverage does Medicaid offer?
If you are an older adult, you may qualify for coverage under the Medicaid program. This program provides medical insurance to low-income individuals. However, the requirements vary some for people over the age of 65, so you may be able to qualify even if you have...
3 times you should review your estate plan
If you have created a comprehensive estate plan, you are probably doing better than most of your front-range neighbors. After all, according to a recent study, as many as 60% of Americans do not have even a basic will to deal with their estates after death. While...
When is the right time to create an estate plan?
Whether you like to prepare in advance or wait until the last minute to handle your affairs, you might find yourself wondering when the time is right for you to create your estate plans. Or perhaps you already have and are not sure if it is time to review and update...
3 advance directives to preserve your future
Everyone has a different idea of what it means to live a good life. You probably have a personal definition of it yourself. You deserve to live the way you want. However, you must also consider the impact of the various legal rules, ethical codes and familial wishes...
How can your estate plan protect your pets?
When beginning an estate plan, many people forget about special members of their family. As important as your pets may be to you, you should think about their inclusion in an estate plan. The National Law Review explains the importance of estate planning for pets....
Should you wait to apply for Social Security benefits?
If you have worked for years or even decades and are approaching Social Security’s full retirement age, you may be itching to start collecting your benefits. After all, additional income may help you pay for the comparatively high cost of living along the Front Range....
What to do after creating a living will
A living will is a basic estate planning document that explains the medical treatment you do and do not want to receive if you are unable to make those decisions for yourself. An accident or illness that leaves you incapacitated can happen at any time, so it is one of...
