Boulder Estate Planning Legal Blog

Trusts are an essential component of most Colorado estate plans. However, despite their importance, many individuals do not understand the basics of a trust, including their key concepts and terms. While trusts can sometimes be complicated, the following post breaks down the essential aspects and terms associated with a Colorado trust. What is a Trust…

When creating a Colorado estate plan and preparing for the future of an older loved one, there are many angles and aspects to consider. Beyond the regular benefits many aging people can receive from the federal government, additional benefits can be given if the loved one served in the armed forces. Through the Department of…

The COVID-19 pandemic has forced many people to do long term thinking, evaluating their life and their future. Thus, many individuals are starting to create a Colorado estate plan, so their family is taken care of in case of their unexpected passing. Despite this recent estate planning trend, 62% of Americans do not have a…

Since COVID-19 hit the United States, everyone has been in the process of adjusting to our new normal. Social distancing guidelines, stay at home orders, and masked faces are becoming a part of the new daily routine and have brought a slew of changes that have impacted nearly every aspect of life. However, despite some…

Choosing a trustee to manage a Colorado trust after someone has died may seem like a simple decision; however, much thought should be put into it. From keeping a detailed record of trust account activity to reporting the income tax liability of the trust, performing the duties associated with being a trustee can often be…

Many Colorado residents are members of what is often called the “sandwich generation”- people raising their own children while also taking care of their aging parents, thus being “sandwiched” between the two roles and care taking needs on both sides of the family tree. Being a part of the sandwich generation can be incredibly stressful,…

Creating a Colorado estate plan is essential for everyone, especially for couples who live together and are not married. According to the state intestate laws, the property of people who die without a will passes to their spouse or children. However, no federal or Colorado laws allow unmarried couples to ensure the same smooth transition…

Families support each other, through both the easy and the tough times. Because of this, it is understandable that a family would want to provide additional support to a loved one, especially if they require assistance because of a disability. Federal and state law allows family members to set up a Colorado special needs trust…

Although technology is a part of everyday life, most individuals do not think about their digital assets (such as blogs, art, music, business websites, etc.) and digital information (email, banking accounts) when preparing their estate. However, without providing this critical information to a trusted individual, it can be extremely difficult for estate executors, or even…

The COVID-19 pandemic has drastically affected almost every aspect of Colorado residents’ lives. The economy has been especially affected. Many individuals have lost their jobs, and others stay in and work from home, not spending the money they typically would on food, entertainment, and travel. While the pandemic is an alarming public health situation that…