One qualification you’re looking for when choosing a guardian for your child is that the person is willing to take on that role and already has a loving relationship with your child. This often makes grandparents feel like the ideal choice. They enjoy spending time...
Estate Planning
Trusts are an important part of estate plans
Your estate plan serves many purposes, one of which is to ensure your assets are distributed in the manner you choose to the people you intend. You have the option of doing this through a will, which has to go through the probate process. Another option, trusts, can...
How does Colorado law treat digital wills?
Creating a will in Colorado has become more accessible thanks to the Colorado Uniform Electronic Wills Act (CUEWA), enacted in 2021. This law lets you draft, sign, and store your will electronically, offering a modern alternative to paper documents. Requirements for a...
What are the benefits of creating a living will?
Planning for the future includes making decisions about your healthcare in case you become unable to communicate your wishes. A living will provides clarity and peace of mind for you and your loved ones. In Colorado, this legal document ensures that medical...
What is the role of a healthcare proxy in estate planning?
Estate planning goes beyond managing assets—it also involves making decisions about your future healthcare. A healthcare proxy ensures your medical wishes are followed if you cannot communicate them yourself. This role carries legal authority to make medical choices...
How can a charitable remainder trust benefit your estate plan?
Including a charitable remainder trust (CRT) in your estate plan provides significant benefits for you, your beneficiaries, and charitable organizations. CRTs help combine philanthropy with financial planning, offering advantages that enhance both your legacy and...
Should you include long-term care planning in your estate plan?
Long-term care planning addresses the potential need for assistance with daily activities as you age. Including this planning in your estate plan ensures your preferences are honored while protecting your financial future. Deciding whether to incorporate long-term...
5 tips for talking to your loved ones about estate planning
Talking about death can feel uncomfortable and even scary. However, having open and honest conversations about estate planning with your loved ones is essential. It provides everyone with peace of mind and ensures your wishes are clear. You can ease into these...
Should you involve your children in your estate planning?
Estate planning involves making important decisions about your assets and your family's future. Many people wonder whether they should include their children in this process. While it may feel uncomfortable to discuss finances and end-of-life wishes, involving your...
How do self-directed IRAs fit into an estate plan?
A self-directed IRA can be a useful tool in an estate plan, especially for those with different types of investments. Colorado residents who want to build wealth and leave a lasting legacy can benefit from knowing how these unique retirement accounts fit into their...