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wills Archives

Single parents and estate planning

One thing that single parents in Colorado should make a priority is estate planning. Even though the thought of not being around for their kids is not a pleasant one, the idea of having the courts choose someone random to raise their kids is even more distressing. Careful consideration should be given to the distant future so they can make plans to protect their children. 

Executor choice and inheritance disputes

Many people in Colorado believe that they can keep their loved ones from fighting over their inheritances with estate plans. Unfortunately, death and inheritances often bring out the worse in some people. One common reason why some individuals fight over a loved one’s estate is that they are not happy with the person who is in charge of managing it. 

How can I create a bulletproof estate plan?

As a lifelong resident of Colorado, it is not enough for you to just create a will to protect your assets. You need to make sure your plans are dispute proof. Rushing through the estate planning process can lead to mistakes that can result in your final wishes being ignored. 

3 ways having a baby can jump start your estate plan

Having a baby is a life changing event. Not only does this new addition convert a couple into a family unit, but the little bundle of joy may also impact how the couple views the world around them. If the financial impact of raising a family has not yet become a reality, this truth will become apparent after receiving the bill from the hospital for the labor and delivery process.

Understanding Wills & Estate Planning

Formally known as a last will and testament, a will is an important component of planning any estate properly. A will is a legal document which serves to allocate a person's assets, finances, and property upon their death.

Grounds for Contesting Wills

If you feel a will written by your relative has been created through unfair means, you have the right to hire an attorney and protest the will in court. Under the family protection law, you can apply to family court or a high court asking for compensation if you have been left out of the will of the deceased when you are the husband, wife, civil partner, child, grandchild, dependant step child or parent in relation to the deceased. The court will examine your claims and then make a decision as to whether the deceased had an unfulfilled moral duty towards your maintenance or support.

Here's why you should have a will

Making a will is one of those things in life that's easy to put off. You either think you're too young to have a will or the very idea of thinking about your eventual death and its repercussions is too much to take. As hard as it might be, having a will is one of the most vital things you can do for your family and for yourself.

Some reasons why your will needs an update

Wills are an essential part of any estate plan. The will is a document that allows the grantor to pass on his or her earnings and assets over his or her lifetime to family members, loved ones and other beneficiaries. Without one, a person's estate goes through the traditional probate process as set by default rules and laws. This can lead to their last wishes not being fulfilled, or tax problems that could have been addressed otherwise.

4 ways to simplify estate planning

It is not necessary for one to be rich in order to benefit from estate planning in Colorado. Estate planning is not as complicated as many people perceive it to be either. Taking the time to ensure all assets and valuables are distributed according to one's final wishes is one of the smartest moves anyone can make.

How can I keep my children from fighting over my estate?

In Colorado, it is not uncommon for the adult children of a recently deceased loved one to bicker, fight and act negatively towards each other over inheritance disputes. While you are creating your estate plans, one question that may be on your mind is how you can keep your adult children from fighting over your estate? According to A Place for Mom, your children should work on being supportive towards each other instead of bickering and fighting over estate affairs. Their disagreements will only add to any confusion and uncertainty that may be going on.

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