If someone in your family lives with special needs, or if you have a disability and want to understand your estate planning options, it is crucial to look into special needs trusts. These trusts offer a variety of perks, especially when it comes to SSI and Medicaid...
Month: August 2020
When should you modify child custody?
The child custody order you receive as part of your divorce settlement depends on the best interests of your children at the time of the divorce. As time passes, things change and your parenting plan needs to change accordingly. There are a number of reasons to...
Avoid these 3 financial mistakes during your divorce
Divorce can trigger poverty if you are not careful. At the onset of a split, take a proactive approach to protect your assets and optimize the value of your money. The effort you put into preserving your finances can help you mitigate many of the financial...
What makes trusts worth considering in your estate plan?
Trusts are just one tool you can use when creating your estate plan. They are vehicles to use to transfer assets to heirs. There are two types of trusts, revocable and irrevocable. In general, trusts provide you with some unique benefits over simply leaving all assets...
Ways to better communicate with a co-parent
You probably are preparing to raise your children with your co-parent following your divorce, though your relationship with your ex may be rocky at times. An important key to making parenting time and allocating parental responsibilities work is to understand how to...
How can I open an estate without going to court?
As an estate executor for a relative, you probably are not looking forward to probate. The processing of an estate in court can take a while, and you likely wish to get it over with as soon as possible. Fortunately, Colorado law permits a way to simplify the process...
What should I know about dividing a pension?
If you have accumulated money in a workplace pension, you know how important it is to your retirement plans. However, if you are facing a divorce, you will likely lose some of your pension if it qualifies as marital property since you will have to split it with your...
4 social media best practices during divorce
Your social media accounts might feel like a safe space to express your frustrations and seek comfort amid divorce proceedings, but you may want to think twice before you post. Your ex can use social media posts and comments against you in court. Here are four social...
Why should single people consider writing a will?
You might think that making out a will is not necessary if you are single and have no children. Still, even some unmarried individuals decide they want to exert control over where their possessions go after they die. Policy Genius describes a few reasons why single...
How does an uncontested divorce benefit both parties?
Many couples believe that divorce must become a battle. Stories of contested divorce tend to be more common and people do not recognize the benefits of an uncontested divorce. In an uncontested divorce, both parties put aside their negative feelings and work together...