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Category: Wills

Estate Planning for Blended Families

Estate Planning for Blended Families

Blended families bring unique challenges when it comes to estate planning. Parents have to navigate complexity of managing assets and ensuring the well-being of children. It can be overwhelming to with all the various options available. By understanding and putting into place some common estate planning strategies, blended families can ensure that their assets are protected and distributed according to their wishes. Not every strategy may be necessary for your particular circumstances. But having a good understanding of the options…

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Reviewing Estate Plans with Parents

Reviewing Estate Plans with Parents

Reviewing your parents estate plans with them is always a prudent thing to do. Keeping an up-to-date estate plan will ensure that your elderly parents’ wishes are carried out in the event of their incapacitation or death. It can also help to avoid potential conflicts and legal issues that may arise in the future. If you want to help your parents update their estate plans, here are some steps you can take: Encourage them to review their current estate documents…

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Moving To Colorado With Your Estate Plan

Moving To Colorado With Your Estate Plan

If you’re moving to Colorado, or have been here awhile but haven an out-of-state estate plan you’ll eventually need to update it. Since, Colorado’s laws most likely differ from your old state, these differences can have a significant impact on your will and other estate plan documents. Some of the more common differences are: Moving To Colorado Is A Major Change You should update your documents every time there are major changes in your life. And since our lives are…

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Do you really need a trust?

Do you really need a trust?

I often craft estate plans without the use of a trust and achieve the exact same outcomes as if one was in place. Trusts in some circumstances are an added expense, unnecessary and over the top. My firm believes putting folks in a trust only if, it’s perfectly appropriate or absolutely needed. Whether a trust is appropriate or necessary depends on you and your families circumstances. Below is a list, à la Jeff Foxworthy, to see if a trust is…

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To Living Trust or Not To Living Trust

To Living Trust or Not To Living Trust

Under the appropriate circumstances, a revocable living trust is the perfect estate planning document. Sometimes, however they can be overkill or underused. Whether a trust is the right document for you depends much upon your assets and family circumstances. Also much depends on whether you as the maker and trustee are willing and able to do so. Here’s some things to consider before using one in your estate plan. A Living Trust Is Not A Will Replacement If you have…

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