Online and elsewhere, Coloradans have been buzzing about the Colorado Privacy Act, which represents our state’s successful push to pass broad consumer privacy legislation and protect individuals as they share their personal data (whether intentionally or unintentionally). The Act is good news for the state, and today we take some…
Articles Posted in Legal
How Your Power of Attorney Can Impoverish You (and Other Dangers)
The Power of Attorney can be a powerful tool or a dangerous weapon that can be turned against its creator. We often assume that when we create a Power of Attorney, we are ensuring that the person we name can do only what we want them to do. We also…
Simple steps for creating your first estate plan
Since no two people are the same, the approach you take to creating your first estate plan will not be identical to anyone else’s. The most important thing to remember is that you should take action as soon as possible. Drafting a comprehensive estate plan can give both you and…
Do you need to update your estate plan?
Once you create an estate plan, it’s easy to assume that you can keep it the same for the rest of your life. While you hope this happens, there is no way of knowing for sure what the future will bring. You must realize that changes to your estate plan…
Follow these estate planning tips later in life
Estate planning early in your life is not the same as estate planning later in life. For example, there is a big difference between creating your first estate plan in your 20s and altering your plan when you reach your 60s or 70s. As you age, you may find it…
Robin Williams’ Estate Plan Has Problems That Can’t Be Fixed
Robin Williams was THE comedian if you are a Gen-Xer like me. We grew up watching Mork & Mindy. And those of us who live in Boulder have, since his death, gone by the Mork & Mindy house and said our farewells there. What do we have to criticize about…
How Forbes Got “Major Errors in Estate Planning” Wrong
F Forbes recently shared its list of 7 Major Errors in Estate Planning. I’d like to share them, one at a time, with comments, and then add a couple they missed. Rather than swamp you with a treatise, here’s one that I really feel passionate about. There are so many…
Estate Planning Technology Develops Quickly
When people think of technology, they think of a fast-paced, growing field. When they think of the law, they tend to think of stagnant printed volumes of laws stacked together in a library. The difference between the pace of technological development in space technology and estate planning technology is not…
Retirement Accounts are Limited in Their Investment Choices
First, let me share the fabulous news about “Retirement Accounts” then the bad news that I have to tell all the people who ask me about investment choices in a Retirement Account. Tax-free Versus Tax-deferred Retirement Accounts – 401(k)s, (403(b)s, IRAs and others – have wonderful tax advantages. Some allow…
Holidays with Your Parents: Next Steps
It’s that time of year again. No matter what your religion or traditions, you may be planning to use time off from work to visit with family including your parents. Some children will notice their parents slipping – unable to process things the way they used to. Other parents will…