Blog Articles

7 Estate Planning Documents for Couples with Minor Children

7 Estate Planning Documents for Couples with Minor Children

Estate planning for couples with minor is extremely important since these families have the most to lose. The focus of the estate plan for these couples should be on the care and custody of the minor children should both parents die. Below is a list of documents that should be included in the estate plan for these families with a brief explanation of each.  I’ve grouped the documents into two groups; incapacity planning and legacy planning.Note: The estate plan outlined below…

Read More Read More

5 Things You May Not Have Known About Your Colorado Living Will

5 Things You May Not Have Known About Your Colorado Living Will

Living Wills were have had  legal status in Colorado since 1985.  It gives the patient the right to accept or refuse medical treatment. A living will along with a health care power of attorney should always be included an estate plan. 1)   A living will is not a will at all. It’s an advanced medical directive, which is something entirely different. The term “living will” is commonly confused with the terms “wills” and “living trusts”. It gives a doctor instructions…

Read More Read More

Avoid Personal Liability as an LLC Owner

Avoid Personal Liability as an LLC Owner

A Limited Liability Company (LLC) is a legal business entity that not only provides favorable tax consequences for some individuals; it also protects owners or members from personal liability. The legal term for this protection is the “corporate veil”. This corporate veil creates investment incentives. An investor is more likely to spend time and money based on the assurances that she will not be held personally liable to the business’ creditors. However, many times a plaintiff suing an LLC or…

Read More Read More

Colorado Medical Power of Attorney

Colorado Medical Power of Attorney

A Colorado medical power of attorney is a legal document that gives an individual, the power to make healthcare decisions on your behalf. This document along with, the financial power of attorney are two important instruments every estate plan should include. Similar to the financial power of attorney, a healthcare power of attorney creates a principal and agency relationship. You are the principal, and the person you designate is your health care agent. Plan For Incapacity First Most people when…

Read More Read More

Colorado Financial Power of Attorney

Colorado Financial Power of Attorney

A Colorado financial power of attorney gives a person the ability to manage someone else’s finances if they become incapacitated. Incapacitation is when a person is unable to communicate or understand. Not to be confused with a medical power of attorney, this document concerns an individual’s finances. How It Works The maker of the document is the principal. The principal designates an agent to manager her finances, in case she becomes incapacitated. If the principal becomes incapacitated the agent will…

Read More Read More

(303)900-2529 || paul@pmillerlawoffice.com || Disclaimer
Click Here To Schedule A Consultation