If you're considering writing a will, you might be wondering what the difference is between a last will and a living will. Both of the terms are used frequently and are often used in the same context, which can be confusing when you're trying to plan for the future.
What happens if I am named the executor of an estate?
If you are named the executor of an estate in Colorado, you may be wondering what you are supposed to do. First, you should understand that even though you have been named the executor, you are not legally obligated to accept the role, according to Bankrate. Before you decide if you are willing to honor the decedent’s request, you need to know what your legal obligations are.
Asset protection and trusts
One way people in Colorado can ensure that their assets are protected after death is with estate planning. Estate planning does not just help to ensure that final wishes are honored, it is also a good way to make sure the deceased person’s assets are protected from creditors and litigation.
