Articles Posted in Estate Planning

According to recent estimates, over 63 million people, or one in six Americans, collect social security benefits. Older Americans make up about four-fifths of social security recipients. In December of last year, the Social Security Administration (SSA) published a proposed rule that could have a major impact on many Colorado Social Security recipients. Although the…

Let’s face it; no one is excited about the prospect of estate planning. However, few things are more critical to the future of your family than an estate plan. By working with a Colorado estate planning lawyer, you can ensure that future generations can enjoy the wealth that you have worked so hard to accumulate…

Nobody likes to discuss what is going to happen after they die or become incapacitated to a point at which they can no longer make their own decisions. However, discussing your family’s future needs with a Colorado estate planning attorney is crucial to ensuring that your affairs are handled as you desire. Indeed, one of…

Simply stated, estate planning refers to the process of developing a plan for what will happen to your assets after you pass on. While it may sound as straightforward as deciding who you want to give your property to, developing a comprehensive and effective Colorado estate plan involves a significant amount of thought and care.…

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 assume they can do it…

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 your loved ones peace of mind — and there’s nothing more valuable than that.

Once you create an estate plan, it’s easy to assume that you can keep it the same for the rest of your 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 soon as one begins looking into estate planning and creating a plan to leave property to heirs and beneficiaries, it doesn’t take long to run up against the looming possibility of probate. When an estate passes through probate, the state assumes an individual’s estate and distributes it, but at great potential expense to the value of the estate and significantly increasing the amount of time that beneficiaries must wait to receive anything.

There are many different challenging situations that come up when you are creating an estate plan. For adults who haven’t had children, there are some unique obstacles that must be faced. In many cases, these individuals might think that they don’t need an estate plan, but this is far from the truth.