Finding someone who will properly take care of your last wishes in your will, as well as pay off your debts or other fees, is important. One way to make sure that your executor is ready for these tasks is to look for certain personality traits and habits. Responsible...
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Estate Planning
How to prevent your family from contesting your will
Your estate plan protects your assets and may help secure your family's future. However, if your family spends time disputing the will, it may remain in the system for an extended period. Additionally, your assets may end up in the wrong hands. You have specific plans...
Should you have an advance directive?
For many people, a strong misconception exists surrounding estate planning and all related matters. You may believe that you do not need to plan ahead if you do not have large amounts of assets or heirs to pass things on to. However, anyone who has any sort of opinion...
Differences between a will, a living will and a living trust
When you hear estate planning terms that sound similar to one another, it can cause confusion. Wills, living wills and living trusts are all useful documents to consider including in your estate plan, but they are not all the same. Knowing the differences between...
What do you know about revocable living trusts?
As part of planning your estate, you draft a will for yourself and your beneficiaries. Could you do more to protect your interests and provide for your loved ones? The American Bar Association explains how revocable living trusts work. Educate yourself on how to make...
How can I avoid estate planning mistakes?
You probably know how important an estate plan is for your family. A good plan will minimize costs and ensure your family receives your assets in the manner intended. While having a plan is crucial, you must also avoid common mistakes when drafting yours. Kiplinger...
3 times you must update your estate plan
Even though many people consider a comprehensive estate plan to be a concrete document that clarifies the individual’s wishes after he or she dies, individuals should revise the set of documents at regular intervals. Many financial experts agree that people should...
Clarifying your final wishes may prevent estate disputes
Having an estate plan can provide you with peace of mind. Similarly, clarifying your final wishes prior to your death can give guidance and comfort to your surviving family members. Because inheritance disputes can undermine your intentions, proactive and careful...
Estate planning for a blended family
Blended families are becoming more common in Colorado. This family structure consists of a couple and all their children, from both their current and prior relationships. Blended families can be vibrant and supportive, but they also pose special challenges for parents...
How do beneficiaries factor into estate planning?
Estate planning often involves deciding "who gets what." That is, when writing a will, the testator decides what beneficiaries receive specific assets and property. In the absence of a valid will, a Colorado probate court follows intestate law when making...

