Including a living trust in your estate plan can be a smart move, depending on your estate details and size. This arrangement can come with distinct benefits, but it may also have tax considerations that usually vary based on state law. Reviewing these taxes before...
Month: June 2023
The impact of domestic violence on Colorado divorce cases
In Colorado, domestic violence can significantly affect divorce cases. If you are involved in a divorce where there is a history of domestic violence, it is important to understand how this can affect various aspects of the legal process and the outcomes. Here are...
Are trusts the only way to avoid probate in Colorado?
Trusts are fascinating financial instruments that offer a unique way to manage and protect your assets, both during your lifetime and after. Imagine a trust as a special box where you can securely place your valuables. You appoint a trustworthy individual, a trustee,...
Parenting time considerations: Virtual visits and digital bonding
Technology has profoundly impacted parenting, transforming how parents care for, educate and interact with their children. Accordingly, it has become an important consideration when developing parenting time plans for separated parents. When considering this method as...
Reviewing and updating your estate plan amid divorce
Navigating a Colorado divorce is a complex process. Amid the emotional and legal considerations, it is important to address the impact on your estate plan. In Colorado, divorce can have profound implications for where your assets end up and who benefits from your...
Are you too young for an estate plan?
If you are young and healthy, you must think that estate planning is unnecessary because you feel in control of your current circumstances. Unfortunately, accidents and illnesses can suddenly strike and take that power, leaving you unable to speak for yourself and...
Why choose a collaborative divorce instead of litigation?
Collaborative divorce serves as an alternative approach to the litigated divorce proceedings you usually see in movies, where couples fight in court and hurt each other in the process. While litigation makes for an exciting show, rarely does it guarantee control over...
When does a power of attorney take effect?
When choosing estate planning tools, it is important to know when they take effect so you can plan accordingly and ensure your and your assets’ protection. Otherwise, you may be leaving your estate and your personal care in a vulnerable position. In the case of a...
Safeguarding your children’s well-being during a divorce
Divorce is a challenging process for everyone involved, especially for children who may find themselves caught in the crossfire. According to the American Psychological Association, children of divorced parents face a greater risk of emotional and behavioral issues....
How do you plan your Medical POA if you are unmarried?
Estate planning is a crucial process that often focuses on securing your financial future and the distribution of assets. However, when you are in an unmarried relationship and living with a partner, there's an additional aspect to consider – your health care wishes....